🚀 ProPicks AI Hits +34.9% Return!Read Now

Volkswagen 'actively' looking to build new EV, battery facility in U.S.- CNBC

Published 08/06/2022, 21:00
Updated 08/06/2022, 21:05
© Reuters. FILE PHOTO: View of an emblem on a Volkswagen I.D. Buzz electric concept vehicle being displayed during the North American International Auto Show in Detroit, Michigan, U.S., January 10, 2017.  REUTERS/Mark Blinch
VOWG
-
VOWG_p
-
VWAGY
-

(Reuters) - Volkswagen (ETR:VOWG_p) AG is "actively" looking to build new assembly and battery facilities in the U.S., Scott Keogh, Chief Executive Officer of the German company's North American subsidiary, told CNBC on Wednesday.

The report added that Keogh declined to disclose additional details related to potential locations for these facilities.

Volkswagen's spokesman in the U.S. could not immediately be reached for a comment.

© Reuters. FILE PHOTO: View of an emblem on a Volkswagen I.D. Buzz electric concept vehicle being displayed during the North American International Auto Show in Detroit, Michigan, U.S., January 10, 2017.  REUTERS/Mark Blinch

The announcement comes as the German automaker accelerates towards reaching it aim for half of its global output to be all-electric by 2030. Volkswagen delivered around 452,000 battery-electric vehicles globally last year.

The company is still discussing and evaluating its options, according to the report.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.