VW Group details massive £ 76bn transformation plan for electric vehicles

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The Volkswagen Group will invest 89 billion euros (£ 76 billion) in new technologies over the next four years as part of an effort to make a quarter of its sales from electric batteries by the end of 2026.

It also announced plans to electrify more of its European factories, concentrating much of its flagship electric vehicle production at its factories in Wolfsburg and Hanover in Germany’s Lower Saxony region.

The firm has already announced that Volkswagen’s flagship model, Project Trinity, will be built on a new production line in Wolfsburg from 2026.

He revealed that he will be retooling a production line at the site to start producing the Volkswagen ID 3 from 2023. The electric tailgate is currently built only in Zwickau, and this decision will allow the group to increase production beyond current production limits.

The Volkswagen Group is already planning to open a second manufacturing plant for electric vehicles in Wolfsburg from 2030.

Meanwhile, the production car from Audi’s Artemis project – which will feature both the future successor to the A8 previewed by the Grandsphere concept and the bodies of a future Bentley model – will be built at the Hanover plant from 2025.

Although no details were given, it is likely that the bodies for the first fully electric Bentley will be built at the site, in the same way that Bentayga bodies are currently built in Germany and shipped to Crewe. Bentley has been pushing for its first EV to be built in Crewe, but a production location has yet to be confirmed.

Volkswagen will start building the ID Buzz in passenger and freight form in Hanover next year, and it has also confirmed that a new version of the ID California motorhome will be built alongside these.

Elsewhere, the company will build two new Porsche models on the purely electric PPE architecture at its factory in Leipzig, with Neckarsulm becoming home to Audi’s E6 model family. From 2026, the new Audi Q8 E-tron will be built in Brussels, Belgium.

Volkswagen’s Salzgitter plant will become the company’s European battery center, where its planned unified battery cells will be built from 2025.

Hanover will be used to build axles for the MEB models, while the facilities in Braunschwig, Kassel and Salzgitter will be used to produce battery systems, rotors and electric motors for electric vehicles based on MEB, while others factories will be prepared for the next generation SSP platform. which will be used by Artemis models.


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