Volkswagen's first fully-owned EV battery plant is up and running in China
Volkswagen's first fully-owned EV battery plant is up and running in China. The local government said on Tuesday (21.11.23) that mass production of VW's electric packs will start at the end of 2023 at the plant in eastern Anhui province's capital city Hefei. It comes after the plant received a juicy investment of 1.5 billion yuan ($208.01 million). In May, Hyundai spent $5.5 billion on its first EV-only plant in Georgia. The automobile makers received a further £1 billion from suppliers to build the Savannah plant solely for Electric Vehicle (EV) and battery production. Construction will start...