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VW says it needs to convince battery suppliers to invest in EVs

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Volkswagen will create joint ventures and help finance battery production to persuade sceptical cell suppliers to back its aggressive push for mass producing electric vehicles, board member Stefan Sommer told Reuters. VW has said it will buy 50 billion euros (£44.8 billion) worth of battery cells and has identified Sweden's Northvolt, South Korea's SKI , LG Chem and Samsung SDI as well as China's CATL as strategic partners. "Not every

Continue reading VW says it needs to convince battery suppliers to invest in EVs

VW says it needs to convince battery suppliers to invest in EVs originally appeared on Autoblog on 2019-07-08 08:35:00. Please see our terms for use of feeds.

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