Sluggish EV market puts Volkswagen’s Gigafactory on ice

Piet Andries

November 3, 2023

Whether Volkswagen’s original plan for six Gigafactories by 2030 can be upheld, seems uncertain /Volkswagen

Volkswagen is pulling the brakes on its expansion strategy for Gigafactories in Europe. The German carmaker was to decide upon a forthcoming cell factory in the East European region. Still, group CEO Oliver Blume stopped the process, citing the slow EV market as one of the main reasons. Currently,
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