Volkswagen to invest $193 billion to hit EV target, picks Canada for battery factory
Briefly

Volkswagen plans to invest 180 billion euros ($193 billion) over five years in areas including battery production and the sourcing of raw materials in a bid to cut electric vehicle costs and protect its market share, it said Tuesday.Over two-thirds of the company's five-year investment budget is allocated to electrification and digitalization, including up to 15 billion ($16 billion) for batteries and raw materials.
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