PRAGUE, Nov 1 — German car group Volkswagen will not make a decision on a fourth battery factory site for now, with demand for electric vehicles in Europe lagging...
Ambassador Nazri: US State Dept displeased with PM Anwar's comments on Gaza conflict, wanted Putrajaya to sympathise with Israel
Volkswagen has been looking at a possible site for a gigafactory for electric car batteries in eastern Europe and had already put off a decision a year ago when it was considering locations in the Czech Republic, Hungary, Poland or Slovakia.Czech officials said today they would start offering their proposed site for Volkswagen’s battery plant to other investors, saying they could not afford to wait any longer for a decision.
“Based on market conditions, including the sluggish ramp up of the BEV market in Europe... there is for the time being no business rationale for deciding on further sites,” Blume said in a statement provided by Volkswagen’s Czech unit Skoda Auto.Blume had met Czech officials this week as the country has pushed for the investment as it seeks to secure the future of its all-important car sector while the global vehicle industry shifts away from fossil fuels.
Prime Minister Petr Fiala said the country would begin concentrating on other projects. “We cannot continue to hold the land for this project,” Fiala told a news conference.
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