Salzgitter, Germany — Volkswagen said on Thursday it would invest more than €20bn in a battery cell business jointly with partners, creating 20,000 jobs and reaching annual sales above €20bn by 2030 as it seeks leadership in the growing market.
“Today is a good day for the automotive industry in Germany,” Chancellor Olaf Scholz said in a statement ahead of his speech at the ceremony. This includes six plants in Europe, of which Salzgitter is the “blueprint” for VW’s future standardised production facilities, and two in North America.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Volkswagen Breaks Ground on $20 Billion Battery Unit’s First Cell PlantVolkswagen AG broke ground on a new battery plant in Germany on Thursday, saying the factory marks the first step in an effort that will generate more than 20 billion euros ($20.4 billion) in annual revenue by the end of the decade.
Source: dailymaverick - 🏆 3. / 84 Read more »
5 reasons why business workflow management is important | The CitizenBusiness workflow management (BWM) has one goal: to make your business run more efficiently.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
ANC wants your house and your business to invest in renewable energies to help reduce load sheddingWith stage 6 load shedding the norm over the past week and more in South Africa, the ruling party the African National Party (ANC) has called for immediate and long-term interventions that will ensure sustainable energy security. Ekhurhuleni Meeting in Kempton Park today. About electricity. Please look into it. so they can charge you a solar tax... the ANC government is only concerned with self enrichment nothing to do with helping
Source: BusinessTechSA - 🏆 24. / 61 Read more »