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Volkswagen invests €1B in Braunschweig plant for EV components · Endata

◂ Announcements

Jul 15, 2022INVESTMENTBraunschweig, Germany, Germany

Volkswagen invests €1B in Braunschweig plant for EV components

Volkswagen Group Components is investing around 1 billion euros by 2026 to transform its Braunschweig plant into a high-tech supplier for electric mobility, expanding battery systems, steering, and brake production.

Value

$1.01B (1.00B EUR)

Starts operating

2026

Status

Announced

Capacity

up to 800,000 batteries per year

Productsbattery systemssteering systemsbrake systems

CompaniesVolkswagen

Sectors#Automotive Components

“In Summe investiert der Standort bis 2026 rund 1 Milliarde Euro in die Transformation zum High-Tech-Lieferanten.”volkswagen-group.com

1 source
volkswagen-group.comStandortsymposium Werk Braunschweig: Volkswagen Braunschweig wird High-Tech-Lieferant für die Elektromobilität | Volkswagen GroupJul 15, 2022

Summarized from public sources; check the original articles before acting on it.

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