The world’s largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with three currently,
plans to build as many as 3 million of the cars a year by 2025 is backstopped by deals with suppliers including Samsung SDI Co., LG Chem Ltd. and Contemporary Amperex Technology Ltd. for batteries in Europe and China.
Volkswagen’s battery plans compare to Tesla’s $17.5 billion worth of purchase obligations
As of next year, the 12-brand group will roll out a new battery-powered model “virtually every month,” Chief Executive Officer Matthias Mueller said at the company’s annual press conference. “This is how we intend to offer the largest fleet of electric vehicles in the world.”
source: Bloomberg
Submitted March 13, 2018 at 10:26AM by wanmoar http://ift.tt/2p9p0rl
