BERLIN :Volkswagen could decide on where it will build a new electric-vehicle plant by the end of March, and plans to boost overall output in the second half of 2022 even though a chip shortage is expected to persist this year.
The factory is part of VW group's Trinity project, under which the carmaker wants to build a flagship electric sedan in Wolfsburg from 2026, a move the VW works council - the company's union - hopes will secure the site's future as Volkswagen prepares to stop selling internal combustion-engine cars in Europe from 2035.
Volkswagen's share price tumbled in the last quarter of 2021 but has partially recovered in recent months, rising slightly on Wednesday's news from 187.8 euros at the opening to 188.14 euros. The carmaker said in early February that night shifts at Wolfsburg would be cut on some production lines because of the lack of chips.
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