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Tesla has Battery Day; now Volkswagen has “Power Day.” That’s what the German automaker dubbed Monday, March 15, a day in which it laid out its plans for battery production and charging networks taking us to the year 2030.
Among the many notable announcements – and taking a page from Karl Marx’s “controlling the means of production” ideology – is the construction of six “gigafactories” in Europe, with a total annual production capacity of 240 Gwh.
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Sputnik International
VW Aims to Be the Next EV Battery Powerhouse
1 month ago
Volkswagen has unveiled its plans for the future, and it’s clear the automaker plans on being an electric vehicle (EV) battery powerhouse.
Volkswagen recently announced it was upping its investment in future tech to 73 billion euros, up from the 60 billion it initially planned. Much of the additional investment was a result of the company’s focus on electric vehicles.
The company has laid out its roadmap, with plans to establish six gigafactories, with a total production capacity of 240 GWh, in Europe by the end of the decade. The announcement comes after European Commission Vice President Maros Sefcovic made it clear the EU plans to be self-sufficient in battery production by 2025.
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