Stock Market News

VW begins U.S. production of EV compact SUV in Tennessee

2022.07.26 17:02

VW begins U.S. production of EV compact SUV in Tennessee
FILE PHOTO: A technical employee cleans the paint in the final inspection at the production line for the electric Volkswagen model ID.4, in Zwickau, Germany, September 18, 2020. REUTERS/Matthias Rietschel/File Photo

(Reuters) – Volkswagen AG (OTC:VWAGY) said Tuesday it has begun U.S assembly of its electric compact SUV ID.4 at its plant in Chattanooga, Tennessee.

The German automaker said it plans to deliver ID.4 SUVs produced in Tennessee as early as October and will ramp up production to 7,000 cars per month by the end of 2022. VW is actively hiring more than 1,000 new production workers through the end of the year and plans to further increase U.S. EV production next year.

VW announced in 2019 it was investing $800 million in the factory to build EVs. The SUVs have batteries supplied by SK Innovation produced in Georgia. The automaker has delivered 190,000 ID.4 vehicles worldwide since it launched the vehicle in 2021.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 96,240.79 2.49%
ethereum
Ethereum (ETH) $ 3,372.00 3.53%
tether
Tether (USDT) $ 1.00 0.07%
xrp
XRP (XRP) $ 2.19 4.73%
bnb
BNB (BNB) $ 695.27 2.25%
solana
Solana (SOL) $ 190.02 4.12%
dogecoin
Dogecoin (DOGE) $ 0.318043 4.52%
usd-coin
USDC (USDC) $ 1.00 0.14%
staked-ether
Lido Staked Ether (STETH) $ 3,365.92 3.38%
cardano
Cardano (ADA) $ 0.875138 4.59%
tron
TRON (TRX) $ 0.252829 1.70%
avalanche-2
Avalanche (AVAX) $ 38.00 6.83%
the-open-network
Toncoin (TON) $ 5.81 3.65%
chainlink
Chainlink (LINK) $ 23.07 6.81%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,996.25 3.45%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 5.65%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,180.77 2.19%
sui
Sui (SUI) $ 4.28 4.81%
hedera-hashgraph
Hedera (HBAR) $ 0.293314 6.06%
stellar
Stellar (XLM) $ 0.36168 6.28%
polkadot
Polkadot (DOT) $ 7.05 6.00%
bitget-token
Bitget Token (BGB) $ 7.24 23.52%
weth
WETH (WETH) $ 3,372.29 3.48%
bitcoin-cash
Bitcoin Cash (BCH) $ 441.75 5.18%
hyperliquid
Hyperliquid (HYPE) $ 25.88 7.63%
leo-token
LEO Token (LEO) $ 9.22 3.54%
uniswap
Uniswap (UNI) $ 13.07 6.97%
litecoin
Litecoin (LTC) $ 103.93 4.96%
pepe
Pepe (PEPE) $ 0.000018 6.87%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,557.16 3.19%
near
NEAR Protocol (NEAR) $ 5.11 7.49%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.17%
usds
USDS (USDS) $ 1.00 0.35%
aave
Aave (AAVE) $ 341.15 8.75%
internet-computer
Internet Computer (ICP) $ 10.55 7.48%
aptos
Aptos (APT) $ 9.01 7.12%
crypto-com-chain
Cronos (CRO) $ 0.152124 4.80%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.486673 6.48%
mantle
Mantle (MNT) $ 1.19 5.02%
ethereum-classic
Ethereum Classic (ETC) $ 26.18 5.20%
vechain
VeChain (VET) $ 0.048039 8.19%
render-token
Render (RENDER) $ 7.24 4.79%
monero
Monero (XMR) $ 192.65 2.05%
whitebit
WhiteBIT Coin (WBT) $ 24.67 1.02%
bittensor
Bittensor (TAO) $ 478.24 6.98%
dai
Dai (DAI) $ 1.00 0.12%
mantra-dao
MANTRA (OM) $ 3.67 3.39%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.28 5.83%
arbitrum
Arbitrum (ARB) $ 0.75991 5.79%
filecoin
Filecoin (FIL) $ 5.05 6.14%