Volkswagen EV battery gigafactory plans on hold due to slowing demand for electric vehicles in Europe

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Volkswagen EV battery gigafactory plans on hold due to slowing demand for electric vehicles in Europe
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Volkswagen Group battery cell development facility, Salzgitter The Volkswagen Group is holding off of making a decision for a new battery manufacturing site for the time being as demand for electric vehicles in Europe is …

The Volkswagen Group is holding off of making a decision for a new battery manufacturing site for the time being as demand for electric vehicles in Europe is below expectations, Volkswagen Group CEO Oliver Blume said according to

The manufacturer had been searching for a possible site for its EV battery factory in eastern Europe, and had already put off a decision one year ago when it was considering locations in the Czech Republic, Hungary, Poland and Slovakia, and Volkswagen said earlier that it was in ‘no rush’ to make a decision, according to the report.

The Volkswagen Group CEO had met with Czech Republic officials this week as the country pushed for the investment in its bid to secure the future of its automotive sector while the automotive industry moves away from fossil fuels, the report added.Open roads and closed circuits hold great allure for Mick Chan. Driving heaven to him is exercising a playful chassis on twisty paths; prizes ergonomics and involvement over gadgetry.

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