By Cristina Roca

Volkswagen AG said Friday that it has approved a new manufacturing site in Wolfsburg-Warmenau, Germany, close to its main plant.

The new site will be dedicated to the company's Trinity electric cars, the German auto maker said, adding that it expects to invest about 2 billion euros ($2.21 billion).

Construction is expected to start next spring.

The Trinity project represents the next generation of electric vehicles at Volkswagen and incorporates autonomous-driving technology, the company said.

Write to Cristina Roca at cristina.roca@wsj.com

(END) Dow Jones Newswires

March 04, 2022 12:28 ET (17:28 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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