Volkswagen has confirmed today that it will be investing $800 million in its factory in Chattanooga, Tennessee to prepare the location for production of new electric cars using the MEB platform.
Dr. Herbert Diess, CEO of Volkswagen AG, made the announcement:
The US is one of the most important locations for us and producing electric cars in Chattanooga is a key part of our growth strategy in North America. The management team lead by Scott Keogh is committed to continuing to increase our market share in the coming years. Together with our ongoing investments and this increase in local production, we are strengthening the foundation for sustainable growth of the Volkswagen brand in the US.”
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