WOLFSBURG, March 13 (Reuters) - Volkswagen's battery needs are covered until 2028 by its three confirmed
factories in Europe - the Salzgitter plant in Germany,
Northvolt's plant in Sweden and a planned plant in Valencia,
board member Thomas Schmall said on Monday.
"With these three plants we are covered until 2028," Schmall
said at a press event at the Salzgitter plant, inaugurated last
July.
The Valencia plant, confirmed last year, is due to begin
production in 2026. Volkswagen said last week it was waiting to
hear what Europe's response to the U.S. Inflation Reduction Act
will be before progressing with plans to build further battery
plants in the region.
(Reporting by Victoria Waldersee
Editing by Miranda Murray)
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