Volkswagen to Invest $2.2 Billion in Electric-Car Manufacturing Site
March 04 2022 - 12:43PM
Dow Jones News
By Cristina Roca
Volkswagen AG said Friday that it has approved a new
manufacturing site in Wolfsburg-Warmenau, Germany, close to its
main plant.
The new site will be dedicated to the company's Trinity electric
cars, the German auto maker said, adding that it expects to invest
about 2 billion euros ($2.21 billion).
Construction is expected to start next spring.
The Trinity project represents the next generation of electric
vehicles at Volkswagen and incorporates autonomous-driving
technology, the company said.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
March 04, 2022 12:28 ET (17:28 GMT)
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