VW Group is founded by Aktiengesellschaft for Battery business
Auto media portal.Net/Volkswagen VW Group is founded AG for battery business
VW no longer supports petrol and diesel engines in Europe and will only build battery vehicles. An IPO of the battery division should collect the necessary capital for this.
Volkswagen founds a European stock corporation (Societe Europeenne) to bundle activities along the battery’s value chain – from raw material processing to the development of the Volkswagen unit cell to the control of the planned six European factories. New business models related to the further use of dismantled vehicle batteries up to recycling the raw materials will also be part of the area of responsibility.
VW needs millions of batteries
In order to cover the increasing cell requirement of the group, the company in Europe is planning to set up six gigafabrics. In 2025, cell production in Salzgitter is scheduled to start. In the future, cell production in Lower Saxony will employ more than 2500 people. Spain and Eastern Europe are currently under discussion. Volkswagen plans to open two more cell factories in Europe by 2030.
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Site Opponent of Tesla Model Y: The Mercedes EQB can do that
In parallel to the establishment of the five gigafabrics by the newly founded European stock corporation, the Swedish start-up Northvolt, in which Volkswagen is involved with around 20 percent, is responsible for setting up another factory in northern Swedish Skelleftea. It will produce battery cells for the premium segment from 2023. (Aum)
Honda E in the test: price, range, equipment, driving experience, rear -wheel drive
Site Honda E in the test: price, range, equipment, driving experience, rear -wheel drive
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