Czech carmaker Skoda, owned by Germany's Volkswagen, is confident that its parent will take a decision on its fourth large battery factory in Europe by 2023 at the latest, a management board member said. Wolfsburg-based Volkswagen in October said it planned to decide in the first half of 2022 on the location for a planned battery cell plant in eastern Europe, which would be the fourth under its plan to build six such sites across Europe by the end of the decade. "The decision will be taken in Wolfsburg in Germany," Michael Oeljeklaus, Skoda's management board member for production and logistics, said.
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Rivian said it was on track to open its new $5 billion Georgia factory in 2024, and that it will produce its new R2 vehicle there in 2025. On the post-earnings conference call, Rivian CFO Claire McDonough confirmed the R2 would be a mid-size SUV.