CEO Herbert Diess announced the Chattanooga decision during the motor show in Detroit. “The US 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,” said Dr. Herbert Diess, CEO of Volkswagen AG. “We are committed to continuing to increase our market share in the coming years,” he adds.
Eight MEB plants by 2022
By expanding its production capabilities, the company is vigorously moving forward with its electric offensive. Volkswagen will invest $800 million (€690 million) in its Chattanooga site and will create about 1,000 new jobs. Suppliers will also create additional jobs in the region. The first electric car from Chattanooga is to roll off the production line in 2022. The United States is the third leading market for electric cars, following China and Western Europe.