Volkswagen has sealed down $25B in battery reserve for the electric car push

Automaker Volkswagen’s ramping adult for a large EV push, with $25 billion in committed battery reserve and skeleton to outfit 16 factories to build electric cars by a finish of 2022, adult from 3 with that ability in a VW fast right now.

Thus far, Volkswagen’s concentration is on battery suppliers in Europe and China, a dual largest markets, and expected a dual that will be many critical for battery electric car prolongation for a subsequent decade. The automaker still intends to close down a North American battery retailer understanding shortly, however, according to Bloomberg, and eventually intends to buy about $60 billion in batteries for EVs in total, with a idea of producing as many as 3 million electric cars per year by 2025.

Volkswagen is gearing adult to launch a MEB platform, that will infer a bottom of a I.D. line of electric cars, as good as a underpinning of electric models from other brands in a incomparable Volkswagen Group. The MEB height is designed to be comparatively bound in a configuration, so that it can be constructed during scale affordably with small customization indication to model, though also permitting for designs trimming from light compacts, to sedans and SUVs to be built on top.

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Posted by on Mar 13 2018. Filed under Green Tech. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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