Volkswagen founded a battery company

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Volkswagen has set up a separate European company that will focus on activities related to batteries for electric vehicles. The new company will deal with the development of batteries, processing of raw materials and production of the batteries themselves in several gigafactories in Europe.

The goal of this move is to centralize and strengthen the efforts of this manufacturer when it comes to energy for its vehicles, as Volkswagen wants to be the first in the world in the segment of electric vehicles.

The German giant plans to open six gigafabics in Europe, and the main one will start operating in Salzgitter, Lower Saxony, from 2025. EUR 2 billion has been set aside for its construction. This gigafactory is designed for an annual capacity of 40 gigawatt hours. There will also be a research and development center here, as well as battery recycling facilities.

Volkswagen officials say Salzgitter already employs 500 workers from 24 countries and continues to strengthen the team at the leadership level.

The second gigafactory will be built in Skelefte, in the north of Sweden, by Northvolt AB, in which Volkswagen has a 20% stake. Premium car batteries will be produced here as early as 2023. Volvo is also a partner in this business.

Volkswagen will erect gigabriums in Eastern Europe and Spain, and the exact locations will be selected in the first half of 2022. The start of operation of these plants is expected by 2030.

Volkswagen is collaborating with Umicore, 24M and Vulcan Energy Resources in this ambitious project. A few days ago, the German giant announced a strategic decision to invest around EUR 89 billion in the development of electric vehicles in the coming years.


Source: Nacionalna Klasa by www.nacionalnaklasa.com.

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