Volkswagen will invest 763 million dollars in its Puebla plant; will produce electric cars

Volkswagen announced that it will invest 763.5 million dollars to modernize the Puebla plant , with the intention of starting production of a new gasoline SUV vehicle by the end of 2024 and electric vehicles in 2025.

This injection of capital is intended to update the stamping and painting development warehouse , with technology that the German brand will use for the first time in the world; as well as in the modernization of the infrastructure to decarbonize the processes and in training its collaborators.

During the laying of the first stone in Cuautlancingo, Puebla, Holger Nestler, CEO of Volkswagen in Mexico , affirmed that the plant in Puebla was promoted and won the project against other assembly plants of the group worldwide; Therefore, this is one more step in the process of placing this factory in a total use of clean energy scheme.

For his part, Pablo Di Si, president and CEO of Volkswagen Group of America , highlighted that the investment is part of the project to expand the manufacture of electric cars in North America and comply with the regional content requirements established in the T-MEC.

“When one announces a new paint job, it is not announced for one or two vehicles, nor for one or two, three years, it is thought 20 to 30 years from now and that is the commitment that Volkswagen de México has with Puebla. Our industry is undergoing a very rapid transformation process and Volkswagen Group of America, both in the United States, as well as in Mexico and Canada, are part of this transformation process,” he pointed out.