Volkswagen will invest $193 billion in electric cars and software
Volkswagen announced a blockbuster investment in new EV and battery development that will greatly increase its North American manufacturing presence.
Volkswagen announced a blockbuster investment in new EV and battery development that will greatly increase its North American manufacturing presence.
Volkswagen expects this process to yield the raw materials needed for new battery production, such as copper, aluminum, lithium, manganese, cobalt and graphite.
Volkswagen’s strategy chief, Michael Jost, told attendees at the Handelsblatt automotive summit conference on Tuesday that the company will launch its last generation of gas-powered cars in 2026.