Mexican Media Brands
VW May Join German EV Battery Consortium
On Friday Volkswagen AG’s supervisory board will discuss whether the carmaker should join a German consortium that is mulling European production of battery cells for electric cars, Reuters reports.
#hybrid
Share
On Friday Volkswagen AG’s supervisory board will discuss whether the carmaker should join a government-backed German consortium that is mulling European production of battery cells for electric cars, Reuters reports.
VW currently buys battery cells from China’s Contemporary Amperex Technology and South Korea’s LG Chem. But VW CEO Herbert Diess has urged Germany to establish its own capacity to make cells.
Germany’s government has budgeted €1 billion ($1.1 billion) for the consortium to help it launch cell production and develop next-generation solid-state batteries for EVs. German Economy Minister Peter Altmaier says the aim is to locally supply 30% of Germany’s battery cell needs by 2030.
Reuters’ sources say companies expressing interest in building a cell plant in Germany include BASF, Ford Motor’s Ford Werke subsidiary and VARTA Microbattery.
RELATED CONTENT
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint
GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.
