# 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.

- Type: Investment
- Announced: 2022-07-15
- Where: Braunschweig, Germany, Germany
- Value: $1.01B (1.00B EUR)
- Starts operating: 2026
- Status: announced
- Capacity: up to 800,000 batteries per year
- Products: battery systems, steering systems, brake systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Volkswagen](https://endata.com/companies/533.md)

## Sources

- [volkswagen-group.com](https://www.volkswagen-group.com/de/pressemitteilungen/standortsymposium-werk-braunschweig-volkswagen-braunschweig-wird-high-tech-lieferant-fuer-die-elektromobilitaet-16904), 2022-07-15: "In Summe investiert der Standort bis 2026 rund 1 Milliarde Euro in die Transformation zum High-Tech-Lieferanten."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.