Volkswagen logo – illustration photo.
Wolfsburg (Germany) – According to the Financial Times (FT), the German concern Volkswagen is postponing plans to build a factory for the production of batteries in Eastern Europe. The company also considered the Czech Republic as one of the countries where the plant could be located. According to the FT, the reason is that Volkswagen wants to focus on the construction of a similar factory in North America, where it could receive incentives in the amount of ten billion euros (235 billion CZK).
The Czech government stands by the Volkswagen plant for 120 billion CZK, which considers the possible investment to be key to the transformation of the Czech car industry. He expects the factory to be located in Lín in the Pilsen region. The automobile concern was supposed to say by June whether it would choose the Czech Republic, Poland, Slovakia, or Hungary for investment.
But now, according to the newspaper, which refers to a person familiar with the decision-making of the automaker, Volkswagen is waiting to see how the European Union to respond to Washington's massive support for green energy, which amounts to 369 billion dollars (CZK 8.25 trillion). “Plans in North America have progressed faster than expected and have overtaken decisions in Europe,” the FT source said. However, according to the concern, “correct framework conditions” are needed for this. Volkswagen and other European battery manufacturers are calling for greater support for similar projects from the EU and member states.