Volkswagen Group plans to significantly increase battery cell production capacity and reshape the EV battery supply chain in Europe, with plans to have six ‘gigafactories’ by the end of the decade – including an expansion of its partnership with Sweden’s Northvolt.
The Volkswagen Group has revealed a significant increase in scale of its battery cell production capacity and partnerships across Europe, as it plans to rapidly increase EV production and lower total supply chain costs for lithium-ion batteries.
As part of this announcement, the carmaker’s collaboration with cell maker Northvolt, which began in 2019, has moved up a gear. VW announced at this week’s Volkswagen Power Day 2021 that the carmaker is increasing its ownership in Northvolt and making it VW Group’s strategic lead supplier for premium battery cells in Europe. VW Group will order $14 billion worth of products from the company over the next 10 years.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today
Register free now to stay up-to-date with the latest industry developments, trends, and analysis, to find in-depth reports and intelligence and to connect with your peers.
Your free registration includes:
Gain access to our exclusive content and features register free today
Non-registered users are able to access two AMS exclusive articles per week. You have now used your allocation.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today.
A groundbreaking project between Hyundai Motor, Kia, Hyundai Steel, and EcoPro BM seeks to advance EV battery production by directly synthesising LFP cathode material, promising reduced emissions, lower costs, and enhanced performance.
GM and Samsung SDI have finalised a $3.5B partnership to build a high-capacity EV battery plant in Indiana, aiming to power future electric vehicles.
South Korean battery powerhouses LG Energy Solution, SK On, and Samsung SDI are driving a resurgence in prismatic battery technology, challenging the dominance of other battery formats in the EV market.
