From Electrek: VW CEO: building a battery factory to support electric car production ‘makes...

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    Sep 28, 2016
    VW CEO: building a battery factory to support electric car production ‘makes sense’ now


    After the ‘Dieselgate’ scandal, Volkswagen has come out as one of the major automakers most committed to electric cars. Earlier this year, the company announced its plan to build 2 to 3 million all-electric cars a year and to unveil 30 new models by 2025 – across all its brands (VW, Audi, Porsche, etc.).

    Tesla is aiming for similar volumes and we all know what the company did in order to secure the battery supply to support that kind of electric car production; the Gigafactory. Earlier this year, an insider report came out saying that Volkswagen was about to present to its board of directors a project similar to Tesla’s Gigafactory and build a ‘multi-billion euro battery factory’, but Volkswagen CEO, Matthias Müller, later denied the plan.

    VW’s management is apparently now more open to the idea of Volkswagen building its own battery factory following a restructuring of the company announced last week. more…

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