VW Investing $800 Million In Tennessee Factory To Make Next-Gen Electric Vehicles

Volkswagen will spend $800 million to expand a U.S. factory that will produce the automaker's next generation of electric vehicles. 'The factory in Chattanooga, Tenn. will be the company's North American base for manufacturing electric vehicles,' reports TechCrunch. 'The expansion is expected to create 1,000 jobs at the plant.' From the report: VW's Chattanooga expansion is just a piece of the automaker's broader plan to move away from diesel in the wake of the emissions cheating scandal that erupted in 2015. Globally, VW Group plans to commit almost $50 billion through 2023 toward the development and production of electric vehicles and digital services. The Volkswagen brand (so not including its Audi or Porsche brands) alone has forecasted selling 150,000 EVs by 2020 worldwide, increasing that number to 1 million by 2025.

The Tennessee factory (along with the other new facilities) will produce EVs using Volkswagen's modular electric toolkit chassis, or MEB, introduced by the company in 2016. The MEB is a flexible modular system -- really a matrix of common parts -- for producing electric vehicles that VW says make it more efficient and cost-effective. Electric vehicle production at the Tennessee site will begin in 2022. However, Volkswagen of America says it will offer the first EV based on the MEB platform to customers in 2020.This EV will be a series-production version of the I.D. CROZZ SUV concept that was first shown at the North American International Auto Show last year. This vehicle will have the interior space of a midsize SUV in the footprint of a compact SUV. Volkswagen of America will also offer a multi-purpose EV based off the I.D. BUZZ concept. This EV will be a series-production version of the I.D. CROZZ SUV concept that was first shown at the North American International Auto Show last year. This vehicle will have the interior space of a midsize SUV in the footprint of a compact SUV. Volkswagen of America will also offer a multi-purpose EV based off the I.D. BUZZ concept.

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