Volkswagen to invest 460 million euros in the Wolfsburg plant to produce the new ID.3.
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Volkswagen to invest 460 million euros in the Wolfsburg plant to produce the new ID.3.

The production of the Volkswagen ID.3 EV at the Wolfsburg plant will start in 2023.

Volkswagen will invest €460 million in the Wolfsburg plant by the beginning of 2025. The investment is primarily earmarked for preparations to produce the new ID.3 EV. The compact electric car will be leaving the assembly line in Wolfsburg from 2023 – initially in partial production, with full production slated from 2024.

Ramp-up is due for completion by the end of 2025. The necessary training measures for the workforce are currently being prepared. Post-ID.301 ramp-up, a further all-electric model for the booming SUV segment is to boost Wolfsburg’s capacity utilization for EV production over the long term. The technical basis for the new model is the Modular Electric Drive System (MEB). Volkswagen’s e-car platform is to undergo substantial further development as the MEB+, thus becoming even more efficient.

This will be followed by a further pillar for the Wolfsburg site, the Trinity vehicle project. It will be based on the future Group-wide Scalable Systems Platform (SSP). By the end of 2033 at the latest, the Volkswagen brand will only build electric cars in Wolfsburg - as in all of its other factories in Europe.

Talking to employees Thomas Schäfer, CEO of the Volkswagen brand and Group Board Member for the Volume brand group, said: “Volkswagen stands for electromobility for everyone. And Wolfsburg will be part of this success story. Here at our main plant alone, we will be investing some €460 million by the beginning of 2025, getting the factory ready for the MEB. The ID.3 ramp-up is the first important step towards the electrification of our main plant. At the same time, we are working closely with the Works Council to bring a further electric model based on the MEB+ to Wolfsburg – this will be a high-volume model for the booming SUV segment. With these strong decisions and investments, we intend to bolster the competitiveness of this factory further and give the workforce a concrete long-term perspective.”

Also Read: Tesla launches Model 3 and Model Y in Thailand.

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