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Volkswagen scraps additional Wolfsburg EV factory but promises new electric SUV
German automotive giant Volkswagen has scrapped plans for an additional electric vehicle (EV) factory in Wolfsburg, blaming weak demand, but nevertheless remains committed to transitioning to 100% EVs and has promised a new electric SUV by 2026.
A host of announcements and reporting around Volkswagen’s immediate EV plans have circulated in recent days, and follows confirmation from Volkswagen in mid September that it would cut 269 employment contracts at its all-electric Zwickau production facility due to “current market conditions”.
The Zwickau plant employs around 10,700 staff and produces six EV models from three Volkswagen brands. This news was followed early last week by the news that Volkswagen would suspend production of its ID.3 and Cupra Born EVs at its Zwickau and Dresden plants in Germany across the first two weeks of October due to weaker demand.
Read the whole story on thedriven.io