Volkswagen to decide on eastern European battery plant in H1 2022 By Reuters

© Reuters. FILE PHOTO: The VW emblem is seen on the web site of the primary listening to in opposition to VW over the diesel emissions dishonest scandal, on the Larger Regional Court docket in Braunschweig, Germany, September 30, 2019. REUTERS/Michele Tantussi/

PRAGUE (Reuters) -Europe’s largest carmaker Volkswagen (DE:) plans to resolve within the first half of 2022 on the placement for a deliberate battery cell plant in jap Europe, it stated on Monday.

Volkswagen earlier this yr outlined plans to construct six giant battery cell factories throughout Europe by the tip of the last decade, with Hungary, Poland, Slovakia and the Czech Republic within the working for one in every of them to be opened in 2027.

The corporate stated that it was nonetheless planning to firmly decide on a location for the plant within the first six months of subsequent yr and that it had not delayed the choice.

“As you already know, what needs to be taken into consideration for this resolution are the nation’s respective circumstances, the financial setting, the e-mobility technique and the subsidy framework,” a spokesperson for the corporate stated.

The spokesperson stated that Volkswagen CEO Herbert Diess and Thomas Schmall, board member accountable for know-how, have been visiting the Czech Republic on Monday for an change with its Skoda unit in addition to on the nation’s electrification technique.

Czech Business Minister Karel Havlicek had earlier stated that Volkswagen had delayed the choice.

“It was assumed that they might resolve by the tip of the yr, now it’s moved to mid-2022, not solely concerning the Czech Republic,” Havlicek instructed Reuters, confirming an earlier report by CTK information company.

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