Shulou(Shulou.com)11/24 Report--

CTOnews.com Volkswagen Group Chairman Oliver Blume said Wednesday that due to "lower-than-expected" demand for electric vehicles in the European market, the company will not make a decision on the location of the fourth electric vehicle battery factory for the time being.

For the past year, Volkswagen has been looking for potential sites for its EV battery gigafactories in Eastern Europe, considering places such as the Czech Republic, Hungary, Slovakia or Poland. Czech officials said they had been trying to get Volkswagen to build a factory in the country, but later said they "couldn't wait any longer" and planned to offer the site to manufacturers in other countries.

CTOnews.com Note: Volkswagen Group previously announced plans to open six Giga plants in this decade (2020-2030), three of which have been located in Salzgitter, Germany, Valencia, Spain and St. Thomas, Ontario, Canada. Obomu previously claimed that the three plants could produce up to 200 gigawatt hours a year.

Arno Antlitz, chief financial officer of Volkswagen, said orders for electric vehicles in Europe were down 50% from previous years, from 300,000 last year to 150,000. Europe is currently Volkswagen's largest electric vehicle market, with sales of Volkswagen pure electric models accounting for more than 60 per cent of global sales, but in China, the second-largest market, Volkswagen is "at risk." Arno Antlitz bluntly said,"Volkswagen may lose market share in China before the launch of new cars in cooperation with Xiaopeng Automobile. "

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.