TechCrunch

VW bails on its plan for a $2.1B EV plant in Germany

Volkswagen’s $2.1 billion plan to launch a dedicated electric-vehicle factory in Wolfsburg, Germany is kaput. The automaker instead reportedly plans to modify its existing plants in Zwickau and Wolfsburg to handle production of a new flagship EV — the postponed Project Trinity — and an all-electric Golf hatchback. This tracks with an earlier statement from VW passenger cars boss Thomas Schaefer, who said last year that an additional factory might not be necessary as VW produces fewer combustion-engine vehicles over time.