Volkswagen to Build New EV Factory in the U.S.

Volkswagen is investing $7.1 billion in a new electric vehicle (EV) factory in the United States

Volkswagen announced on Friday that it plans to build a new electric vehicle (EV) factory in the United States. The new factory will be located in Chattanooga, Tennessee, and will represent a $7.1 billion investment from Volkswagen. The factory will create 2,700 new jobs and is expected to start production in 2025.

The new factory is part of Volkswagen's plan to invest $11.6 billion in electric vehicles in the United States by 2027

The new factory is a significant part of Volkswagen's plan to invest $11.6 billion in electric vehicles in the United States by 2027. Volkswagen has already invested $2.7 billion in its Chattanooga factory to produce the ID.4 electric SUV. The new factory will produce a new electric SUV and a sedan, which will be based on the MEB platform.

Volkswagen is one of the largest automakers in the world

Volkswagen is one of the largest automakers in the world, and it is committed to becoming a leader in electric vehicles. The new factory in the United States is a major step forward in Volkswagen's plans to achieve this goal.

The new factory will help Volkswagen meet the growing demand for electric vehicles in the United States

The demand for electric vehicles in the United States is growing rapidly. In 2021, electric vehicles accounted for 4.6% of new car sales in the United States, up from 2.4% in 2020. The new factory will help Volkswagen meet this growing demand and increase its market share in the United States.

The new factory will create jobs and boost the local economy in Chattanooga

The new factory will create 2,700 new jobs and is expected to boost the local economy in Chattanooga. The factory will also attract new businesses to the area and help create a more vibrant community.

Volkswagen is committed to sustainability and environmental protection

Volkswagen is committed to sustainability and environmental protection and its new EV factory will play important role in reducing the company's carbon footprint. The factory will be powered by renewable energy and will use recycled material in the production process.