Vertical integration “has to be on our consideration of strategic options,” De Nysschen said Wednesday in an interview at VW’s new battery testing lab in Chattanooga, Tennessee. The company has been scouting for US battery plant sites and should make a decision by the end of 2022, a spokesman said. The carmaker has invested $800 million to retool the Chattanooga assembly plant to make EVs, and a new $22 million testing lab, which it opened to reporters and local officials at an event Wednesday. It has also built a battery-pack assembly plant next to the assembly facility. In March, VW earmarked $7.1 billion over the next five years to improve its US offering, battery research and manufacturing capabilities.

Source: The North Africa Journal June 08, 2022 21:41 UTC