USA> Germany based VW is set to invest $800 million adding 1000 jobs in Chattanooga, USA

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VW is set to add 1000 jobs in Chattanooga, USA investing $800 million investment to make electric vehicles. The Chattanooga facility will be VW’s first electric vehicle manufacturing facility in North America. Expected to roll out electric vehicles in 2022, VW expects to sell 1 million by 2025.

According to Volkswagen CEO Herbert Diess:

“The U.S. is one of the most important locations for us, and producing electric cars in Chattanooga is a key part of our growth strategy in North America. Together with our ongoing investments and this increase in local production, we are strengthening the foundation for sustainable growth of the Volkswagen brand in the U.S.”

VW employs 3500 employees in Tennessee and will have invested $2.3 billion in the facility by 2019 end.

VW is also building an electric vehicle facility in Zwickau, Germany, and is adding electric vehicle production facilities increasing with two plants in China and  two other facilities in Germany and will offer the first EV based on the MEB platform to its customers by 2020.

VW Group expects to commit almost $50 billion through 2023 towards the development of electric vehicles and digital services globally.

About VW Group

Established in 1937, VW Group is probably the largest automobile company that manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific together with its subsidiaries. Headquartered in Wolfsburg, Germany, VW Company operates through four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. VW group employs around 642292 employees worldwide.