A Volkswagen spokesperson said the car maker was ‘still evaluating suitable locations for our next cell factories in Eastern Europe and North America’
Volkswagen is waiting to hear what Europe’s response to the U.S. Inflation Reduction Act will be before progressing with plans to build further battery plants in Europe, the company said on Wednesday.
The Financial Times previously reported that Volkswagen was pausing plans for a battery plant in eastern Europe, the next expected plant in the region, and prioritizing building a plant in North America where it could reap 9-€10-billion in subsidies. Under former chief executive Herbert Diess, Volkswagen said in March 2021 it would build 6 gigafactories in Europe with total capacity of 240 gigawatt hours.
The first of the six plants is a Northvolt plant in Sweden, in which Volkswagen holds a 20 per cent stake. A second in Germany will be built by 2025 with China’s Gotion High-Tech, in which Volkswagen owns 26 per cent.The company said in October last year it planned to firmly settle on a location for a plant in eastern Europe in the first six months of 2023.
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