Volkswagen Group to invest USD2.42 billion on preparing plants in Germany for electrification

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Investments

VW’s production facilities in Braunschweig, Kassel, Salzgitter, and Hanover are supplying key technology components for the ID.Buzz

Volkswagen Group announced on 16 June 2022 that the company’s components arm plans to invest EUR2.3 billion (USD2.42 billion) through 2026 in preparing its manufacturing plants in Germany for electrification.

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