Volkswagen builds new battery systems plant in Hefei, China

Texas News Today

FILE PHOTO: A charging point for a Volkswagen electric vehicle (EV) is seen during the media day of the Shanghai Motor Show in Shanghai, China on April 20, 2021. REUTERS / Aly Song

September 23, 2021

BEIJING (Reuters) – Volkswagen AG announced on Thursday that it will build a new battery systems plant in Hefei, east China, and begin production in 2023.

German automakers have announced that they will invest more than €140 million ($164 million) in battery factories by 2025.

An electric vehicle factory under a majority-owned enterprise is under construction in Hefei City.

($ 1 = 0.8538 euros)

(Reporting by Yali Sun and Brenda Goh, Edited by Jason Neely)

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