Škoda Auto announced that it started manufacturing battery systems for all-electric vehicles based on the Volkswagen Group’s Modular Electrification Toolkit (MEB) in Mladá Boleslav, Czech Republic.
It's a significant milestone for Skoda, which invested €130 million ($137 million) in the new production line, equipped to produce up to 250,000 MEB battery packs annually.
The Mladá Boleslav plant is the only European production facility for MEB battery systems outside of Germany and will be utilized to supply battery packs not only for Skoda, but also Volkswagen, Audi and SEAT brands.
