VW wants to build a new factory for battery systems at its site in Hefei. For the first time, the company will be the sole owner of a battery systems plant. The group made the announcement on Thursday. According to the announcement, production of 150,000 to 180,000 battery systems annually is expected to start in the second half of 2023. The new factory is to be built next to the company’s production facility in Anhui. Investments of 140 million euros are planned until 2025.
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