VW set to boost output, pick new EV plant site, amid chip crunch


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

BERLIN (Reuters) -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 company had said last year it would build a new state-of-the-art car factory close to its headquarters in Wolfsburg, Germany, to raise its game as electric-vehicle rival Tesla builds a plant near Berlin.

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