VW Scraps Plan for New €2 Billion EV Factory in Germany
- Wolfsburg plant will produce all-electric Golf model
- Documents show allocation of production in strategic plan
The Volkswagen AG (VW) automobile plant in Zwickau.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Volkswagen AG is shelving a plan to build a €2 billion ($2.1 billion) factory for an important new electric-car project dubbed Trinity, opting instead to make the model at its existing plant in Zwickau.
The decision is part of a broader move to allocate production of new electric vehicles across its facilities, as the carmaker’s namesake brand takes steps to finalize its five-year financial planning round expected in November.