decision on location of battery plant in eastern Europe coming soon By Reuters


© Reuters. FILE PHOTO: The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels, Belgium July 9, 2020. REUTERS/Francois Lenoir/File Photo

BERLIN (Reuters) – Volkswagen (ETR:) will soon make a decision on the location of its planned battery plant in Eastern Europe and begin searching for a location in Canada, Chief Executive Oliver Blume said on Friday.

“The decision on the location [of a battery plant] in eastern Europe will come shortly and in Canada we will begin looking for a location soon,” Blume said, speaking at an extraordinary shareholder general meeting in Berlin.

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