Volkswagen Group announced new €4 billion investments in battery cell manufacturing facilities located in Tennessee (USA) and Salzgitter (Germany), aiming to double production capacity for EVs by 2030.

Volkswagen Group has unveiled a €4 billion investment plan targeting the expansion of its EV battery production. New facilities in Tennessee and Salzgitter will provide additional annual capacity of 80 GWh, enough to power more than 1.2 million electric vehicles. This initiative reinforces VW’s strategic ambition to lead the European EV transition and challenge Tesla in the U.S. market.