Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Volkswagen Announces $1 Billion Investment in Mexico for EV Business Expansion

alphabiz Views  

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.

alphabiz
content@www.kangnamtimes.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • El Salvador's Bitcoin Reserves See $25 Million Surge After Trump’s Win
  • Who Is Susie Wiles? Meet Trump’s Loyal ‘Ice Baby’ and First Woman Chief of Staff
  • Trump’s 2nd Term Family Drama: Lara and Don Jr. Take Center Stage, Ivanka Steps Aside
  • Boston Dynamics’ Atlas Robot in Hot Dog Costume Stuns with Human-Like Skills
  • With $180M in Support, Musk Backs Trump’s Victory—And Makes It Meme-Worthy
  • Swifties and Celebrities Left Reeling After Trump’s Election Win

Weekly Best Articles

  • 2026 Toyota RAV4: Bigger, Bolder, and Hybrid-Only—Is It the Future of SUVs?
  • Byeon Woo Seok’s Hot Streak Continues—Wins Hot Character Award for the Sixth Consecutive Month
  • Jung Hae In Gets Personal: Family First and Thoughts on Marriage Revealed
  • Min Hee Jin Faces $3.6 Million Lawsuit Over ‘False Claims’ About NewJeans Management
  • NewJeans Makes Waves in Japan: ‘Supernatural’ Nominated for the Prestigious Japan Record Award
  • Bruno Mars and Rosé Set to Steal the Show at 2024 MAMA Awards with ‘APT.’ Performance
  • How Honda’s Edix MPV Turns a Compact Design into a Spacious 6-Seater – You’ll Be Shocked
  • Is Elon Musk’s Trump Support Killing Tesla’s Brand? Truth Behind the Sticker Backlash
  • Is China’s Xiaomi SU7 a Road Warrior or a Circuit Breaker? Shocking Track Failures Revealed
  • Lee So Ra Reacts to Unexpected Exit from ‘Supermarket Sora’ Show
  • Lee Min Jung Gets Into the Holiday Spirit Despite Busy Filming Schedule
  • Kim Junsu to Pursue Legal Action Against Malicious Rumors Following Extortion Incident

You May Also Like

  • 1
    Kim Junsu to Pursue Legal Action Against Malicious Rumors Following Extortion Incident

    ENTERTAINMENT 

  • 2
    Chae Soo Bin’s Surprising Hobby? Lying Down and Eating Cereal to Recharge

    ENTERTAINMENT 

  • 3
    BTS’s Jin Reveals How His Military Experience Influenced His Music Career

    ENTERTAINMENT 

  • 4
    Lamborghini's New Icon: The Revuelto Opera Unica Tailored for China

    TECH 

  • 5
    Toyota and Subaru's Engine Woes Lead to Multi-Million Dollar Lawsuit

    TECH 

Popular Now

  • 1
    Classic Meets Contemporary: Inside Modena’s Maserati Shamal Restomod

    TECH 

  • 2
    Hong Seok Cheon Strikes Back: Celebrity Warns Fans Against Impersonators

    ENTERTAINMENT 

  • 3
    Han Hye Jin Flaunts Timeless Charm in Latest Beachside Snaps

    ENTERTAINMENT 

  • 4
    Kang So Ra Overwhelmed with Pride at Daughter’s Adorable Recital Moment

    ENTERTAINMENT 

  • 5
    Lovelyz's Jiae and Yein Spill on Their Whiskey Nights and Soju Secrets

    ENTERTAINMENT 

Weekly Best Articles

  • 2026 Toyota RAV4: Bigger, Bolder, and Hybrid-Only—Is It the Future of SUVs?
  • Byeon Woo Seok’s Hot Streak Continues—Wins Hot Character Award for the Sixth Consecutive Month
  • Jung Hae In Gets Personal: Family First and Thoughts on Marriage Revealed
  • Min Hee Jin Faces $3.6 Million Lawsuit Over ‘False Claims’ About NewJeans Management
  • NewJeans Makes Waves in Japan: ‘Supernatural’ Nominated for the Prestigious Japan Record Award
  • Bruno Mars and Rosé Set to Steal the Show at 2024 MAMA Awards with ‘APT.’ Performance
  • How Honda’s Edix MPV Turns a Compact Design into a Spacious 6-Seater – You’ll Be Shocked
  • Is Elon Musk’s Trump Support Killing Tesla’s Brand? Truth Behind the Sticker Backlash
  • Is China’s Xiaomi SU7 a Road Warrior or a Circuit Breaker? Shocking Track Failures Revealed
  • Lee So Ra Reacts to Unexpected Exit from ‘Supermarket Sora’ Show
  • Lee Min Jung Gets Into the Holiday Spirit Despite Busy Filming Schedule
  • Kim Junsu to Pursue Legal Action Against Malicious Rumors Following Extortion Incident

Must-Reads

  • 1
    Kim Junsu to Pursue Legal Action Against Malicious Rumors Following Extortion Incident

    ENTERTAINMENT 

  • 2
    Chae Soo Bin’s Surprising Hobby? Lying Down and Eating Cereal to Recharge

    ENTERTAINMENT 

  • 3
    BTS’s Jin Reveals How His Military Experience Influenced His Music Career

    ENTERTAINMENT 

  • 4
    Lamborghini's New Icon: The Revuelto Opera Unica Tailored for China

    TECH 

  • 5
    Toyota and Subaru's Engine Woes Lead to Multi-Million Dollar Lawsuit

    TECH 

Popular Now

  • 1
    Classic Meets Contemporary: Inside Modena’s Maserati Shamal Restomod

    TECH 

  • 2
    Hong Seok Cheon Strikes Back: Celebrity Warns Fans Against Impersonators

    ENTERTAINMENT 

  • 3
    Han Hye Jin Flaunts Timeless Charm in Latest Beachside Snaps

    ENTERTAINMENT 

  • 4
    Kang So Ra Overwhelmed with Pride at Daughter’s Adorable Recital Moment

    ENTERTAINMENT 

  • 5
    Lovelyz's Jiae and Yein Spill on Their Whiskey Nights and Soju Secrets

    ENTERTAINMENT 

Share it on...