Volkswagen To Partner With Panasonic, LG Chem For EV Battery Production?
A recent report suggests that Volkswagen will partner with top lithium-ion battery manufacturers to establish its own battery gigafactory….which, sounds like a familiar a plan to us (and probably to Tesla as well).
According to Bloomberg, Panasonic and LG Chem, both already suppliers to the Volkswagen Group, were mentioned as potential partners for the joint venture.
By forming a JV, Volkswagen could solve two problems at once – ensuring its lithium-ion cell technology sis relevant, and gaining volume cell manufacturing experience.
Hinted costs of a single production facility could be up to €2 billion.
A decision on the investments (and a a potential partner) to be made by the end of this year.
“Volkswagen confirmed it’s examining options and considering multiple locations to make batteries for a sales volume of between 2 million and 3 million purely electric-powered cars by 2025, declining to comment on details of the potential sites.”
““Battery technology is a key competence for electric mobility, which will see its breakthrough toward a mass market in coming years,” Volkswagen said. Sales of as many as 3 million electric cars by 2025 imply “the necessity to look intensively into this issue.””