PowerCo to drive VW Group’s global battery activities; Salzgitter cell factory to be blueprint and starting point for global battery offensive – with six cell factories in Europe and the prospect of further factories in North America in the future
German automaker Volkswagen will invest $20.38 billion to build electric vehicle (EV) batteries, creating 20,000 jobs and generating more than $20 billion in annual sales.Volkswagen broke the ground for its first cell factory in Salzgitter, .
Besides the Salzgitter plant announcement and prismatic unified cell unveiling, VW announced a new company called PowerCo to manage its global battery business.
German automaker Volkswagen will invest $20.38 billion to build electric vehicle (EV) batteries, creating 20,000 jobs and generating more than $20 billion in annual sales. 🚘 Volkswagen To Invest Over $20 Billion To Build Electric Vehicle Batteries.