VW to have 240 GWh of battery plants in Europe by 2030
By Marcus Williams2021-03-17T15:32:00
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.