by Olivier Daelen
published on Sunday November 5, 2023 to 08:32 •
5 min read
After admitting that sales of its electric cars in Europe have fallen sharply, Volkswagen has announced that the launch of its third battery factory on the continent is being postponed. This is due to “too slow” demand.
Why is this important?Will yesterday’s automotive giants be tomorrow’s? Unsure. While some manufacturers seem confident in their transition to electric vehicles, others are struggling more. One thing is certain: electrification has changed the playing field.
In the news: VW still hasn’t decided when they will open their new battery factory.
- Volkswagen, which planned to open a third battery factory in Europe soon, ultimately put its project on hold. This decision was made due to the slow growth of the electric vehicle market, the CEO said.
Sales of electric cars are stagnating in Europe, according to Volkswagen
The details: six gigafactories in Europe this decade, really?
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Tags: Volkswagen struggling electric cars postponing opening battery factory Europe