Volkswagen plans to open two new factories in North America to spearhead its push into the electric vehicle market, which the German carmaker says has become more appealing since US president Joe Biden unveiled more than $400bn in clean energy incentives.
VW said on Friday that it would open a new assembly plant in Columbia, South Carolina, to produce electric models for its revived Scout brand. It is also searching for a site for a new battery factory in North America.
North America offered “huge potential” for the company, VW’s finance chief Arno Antlitz said on Friday. “We are strong in Europe and China and want to keep that strength . . . but it is really important to increase that third pillar in the US.”
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