VW Considering In-House Battery Production
Volkswagen Group wants to bring its battery technology in-house and be independent of foreign suppliers.
According to a report by German news agency DPA, Volkswagen Group is considering bringing electric car battery production under its own roof. The report cited anonymous sources amongst VW’s executive staff as saying that the company wants to wean itself off dependence on Asian suppliers for its battery production.
The German automaker is mulling an investment of up to $11.2 billion (10 billion euros) in the new facility which may be built at the company’s Salzgitter plant in the German state of Lower Saxony. The batteries produced would go into such models as the e-Golf and supply the new all-electric platform it is also considering building.
SEE ALSO: Volkswagen Profit Plunges Amid Diesel Scandal
Volkswagen is looking to accelerate its electric vehicle development after it was rocked by a scandal when the automaker was caught installing software in its diesel vehicles designed to cheat emissions tests.
Volkswagen Group is one of the world’s largest automakers, which includes the Audi, Porsche and Skoda brands, and has stated it wants to sell a million electric vehicles a year by 2025.
[Source: DPA via DW News]
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