Industry News

Stay tuned to all the news of the electric vehicle industry!

Subscribe to our newsletter

Fill out the form to subscribe to our mailing list and be on the lookout for events and news concerning electric mobility. Informing consumers and making known the artisans of this industry is at the heart of our concerns. Subscribe and stay informed on a range of topics that interest you!

Send us your news

We invite you to send us your press releases, free of charge. You offer a new product or service, you organize an event, you make new acquisitions, you get new contracts, you have new staff nominations or others, do not hesitate, your news interests us! Suggest a news.

For industry professionals, join your market by giving you visibility on our platforms. Click to download the rate card.
Monday 14 January 2019

VW investing $800M in Tennessee factory to make next-generation electric vehicles

Volkswagen will spend $800 million to expand a U.S. factory that will produce the automaker’s next generation of electric vehicles.

The factory in Chattanooga, Tenn. will be the company’s North American base for manufacturing electric vehicles, VW CEO Dr. Herbert Diess said during a presentation at the Detroit Auto Show on Monday. The expansion is expected to create 1,000 jobs at the plant.

VW’s Chattanooga expansion is just a piece of the automaker’s broader plan to move away from diesel in the wake of the emissions cheating scandal that erupted in 2015. Globally, VW Group plans to commit almost $50 billion through 2023 toward the development and production of electric vehicles and digital services. The Volkswagen brand (so not including its Audi or Porsche brands) alone has forecasted selling 150,000 EVs by 2020 worldwide, increasing that number to 1 million by 2025.

Read more on techcrunch.com


<< Back to news

+ Share