Volkswagen investment sought by Czechia on hold for now

Carmakers Volkswagen say they will not make a decision at present on where to build a gigafactory producing batteries for electric vehicles in Europe. The information was shared on Wednesday by the company’s CEO Oliver Blume.

Czechia is one of the countries bidding to house the very large plant and is offering a site by the village of Líně in the Plzeň Region.

Earlier this Czech Prime Minister Petr Fiala and Industry and Trade Minister Jozef Síkela discussed the matter with the Volkswagen chief and the Czech cabinet was due to speak about it on Wednesday.