HAMBURG – Volkswagen Group’s supervisory board was meeting on Friday to debate plans for 2 latest factories in North America, two people aware of the matter said. One can be a production plant and the opposite can be a battery cell factory.
While the board is anticipated to approve a site for its Scout brand within the U.S., discussions around a gigafactory are open-ended, the sources told Reuters.
Reviving the Scout brand is a key a part of VW’s goal to realize 10 per cent market share within the U.S.
VW Group CEO Oliver Blume in December said the automaker had begun looking for a site for a battery cell factory in North America, adding Canada was “one logical option” due to its raw material resources.
“We’re still working hard to search out an appropriate location for our first gigafactory in North America and are in good, constructive talks,” a VW spokesperson said on Friday. No decision has been made yet, the spokesperson said.
Other issues on the meeting’s agenda are Volkswagen’s annual results and its dividend, the sources said.