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Report claims VW is spending $15.5B to build a giant battery factory

by LiveModern Webmaster last modified Jun 02, 2016 01:06 AM
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by Cat DiStasio last modified Jun 01, 2016

Volkswagen is reportedly preparing to make a major investment in electric car technology, and hopefully buy some positive press as well. Less than a year after its enormous emissions scandal and the massive recall that followed, the German car company may spend up to $15.5 billion to build a manufacturing plant for electric car batteries. The move would support the company’s lofty goal to sell one million electric and hybrid vehicles annually by 2025. The massive battery factory...





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