The Volkswagen Group is making a split investment in its Mexican plant complex.
The Mexican division of the Volkswagen Group announced on the 17th (local time) that it will invest about $1 billion in a second split investment to activate its electric vehicle (EV) business at its existing business site in central Mexico.
The investment in Volkswagen’s Mexican business follows a plan announced at the end of 2022 with a budget of $763.5 million.
Volkswagen’s Puebla plant is one of Volkswagen’s largest facilities worldwide, and the previous investment plan for this facility was to build a new paint plant and operate a new production line.
Volkswagen produced the Puebla plant’s Jetta, Taos, and Tiguan models.
In addition, it has been producing a small SUV called the Audi Q5 since 2016 and later added a hybrid version.
However, Volkswagen did not provide detailed information on what kind of electric vehicle would be made at the extensive complex in Puebla, central Mexico.
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