The VW brand will invest 22,800 million euros in its factories until 2022

The Volkswagen brand will invest 22,800 million euros in the next five years in its factories around the world, but especially in those of Germany.

Frankfurt (Germany), Nov 20 (EFE) .- The Volkswagen brand will invest 22,800 million euros in its factories around the world in the next five years, but especially in those of Germany.

Volkswagen today informed that the investments in the German factories will be of 14,000 million Euros, mainly in the electric mobility, in the production through the modular platforms and in the offensive of models.

The CEO of the VW brand, Herbert Diess, said that "the adopted investment package will decisively boost the product and technology offensive in the history of the brand. "

In Germany, Volkswagen wants to transform the Zwickau factory into a vehicle production center electric, which are based on the new modular platform for electric with a range between 400 and 600 kilometers.

In 2020 the main brand of the VW group will launch the new electric generation, which will include innovations previously offered only by the high-end segment and will be launched at the same time in Europe, China and the US.

First 100,000 will be released vehicles to the market and for 2025 are planned one million.

The production of the Golf and the Passat in Zwickau will be moved to Wolgsburg and Emden, where it will invest 2,900 and 1,100 million euros respectively.

The factories in Pamplona (Spain), Palmela (Portugal) and Bratislava (Slovakia) are preparing to produce vehicles with the previous modular platform and those of Mexico, the US, South America and Russia for new all-new.

The Volkswagen Group announced last week that it will invest 34,000 million euros from 2018 to 2022 in the development of electric vehicles, autonomous driving systems, new mobility and digitization services.