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There is a fierce battle for the huge Volkswagen battery factory – and Hungary is competing

There is a fierce battle for the huge Volkswagen battery factory – and Hungary is competing

Volkswagen announced last October that a decision could be made in the first half of 2022 on where to build its planned battery plant in Eastern Europe, which would be the fourth in a row. The German automaker plans to set up a total of six such production bases across Europe by the end of the decade.

The decision will be made in Wolfsburg

said Michael Olegklaus, board member of Skoda Production and Logistics. He added that they hope and trust that this decision will be made in the late fall, but no later than next year.

Of course, he also stressed that they hope that the management of the Volkswagen Group will eventually decide in favor of the Czech Republic.

The final location is also very important for Hungary, according to a Volkswagen report, in addition to the Czech Republic, Poland and Slovakia, Hungary is also competing for investment.

Volkswagen Salzgitter Group battery factorywith an annual production capacity of 40 gigawatt-hours, and work is scheduled to start as early as 2025. This investment could reach 2 billion euros (about 772 billion HUF) and create 2,500 new jobs in Germany.

Cover image source: Getty Images

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