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Volkswagen plans new web site in Germany to counter Tesla’s gigafactory By Reuters

© Reuters. FILE PHOTO: A brand new emblem of German carmaker Volkswagen is unveiled on the VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer/File Picture

FRANKFURT (Reuters) -Volkswagen is planning to construct a brand new state-of-the-art automotive manufacturing unit near its headquarters in Wolfsburg, Germany, hoping to lift its sport because the opening of Tesla (NASDAQ:)’s gigafactory close to Berlin attracts nearer.

The plant, which nonetheless requires approval by Volkswagen (DE:)’s supervisory board over the approaching weeks, is a part of the group’s Trinity venture, beneath which the carmaker desires to construct a flagship electrical sedan in Wolfsburg from 2026.

Volkswagen, which didn’t present a price estimate for the manufacturing unit, stated it aimed for a manufacturing time of 10 hours per car for the Trinity mannequin, much like how lengthy it’ll take Tesla to assemble the Mannequin 3 at its deliberate web site in Gruenheide.

Setting up an all-new plant is an alternative choice to adapting the present Wolfsburg plant to provide the Trinity mannequin, which VW says limits the probabilities for extra radical modifications to the manufacturing course of.

“That is why we’re planning greenfield development: environment friendly and with out limitations by present buildings,” Volkswagen model CEO Ralf Brandstaetter stated.

“That method we’re gaining time and area to step by step modernise the principle manufacturing unit in a far-reaching method and lift manufacturing there, too, to a brand new degree.”

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