Volkswagen is getting ready for the future at its main factory in Wolfsburg. On Wednesday, Volkswagen's CEO, Thomas Schafer, said the company would put about €1 billion ($1.1 billion) into the business. Four hundred sixty million euros in Wolfsburg, where the group's main factory is located. The money will primarily be used to start making the new, updated Volkswagen ID.3. The first ones will come off the assembly line in Wolfsburg in 2023.
To make long-term use of the Wolfsburg factory's production capacity, the plan is also to make a brand-new, small electric SUV. It will be built on a MEB+ platform, which is a complete improvement over the MEB platform and will make future electric cars from Volkswagen even more efficient.