© Reuters. FILE PHOTO: A Volkswagen emblem is seen because it launches its ID.6 and ID.6 CROZZ SUV at a world premiere forward of the Shanghai Auto Present, in Shanghai, China April 18, 2021. REUTERS/Aly Tune/File Picture
BERLIN (Reuters) – Volkswagen (DE:) and Bosch have signed a deal to arrange a three way partnership by the tip of this yr to equip battery cell factories and assist make Europe self-sufficient in battery manufacturing, Volkswagen stated on Tuesday.
The enterprise would ship battery manufacturing methods in addition to aiding battery cell producers in scaling up and sustaining their manufacturing websites, Volkswagen stated in a press release.
“Europe has a one-time likelihood to turn into the worldwide powerhouse for batteries in coming years,” Volkswagen board member Thomas Schmall, who’s accountable for VW’s battery plans, stated.
“We’re working to construct a whole, localised, European provide chain for ‘made in Europe’ e-mobility.”
Volkswagen plans on constructing a complete of six so-called gigafactories, producing the cells which make up battery packs in Europe by the tip of the last decade, a key step in its bid to outdo Tesla (NASDAQ:) and turn into the world’s high vendor of electrical automobiles.
The primary two vegetation, one in Sweden and one in Germany, are set to start manufacturing in 2023 and 2025. Areas and begin dates for the remaining 4 haven’t but be disclosed, although doable places embrace Spain and jap Europe.
Nonetheless, the Bosch-Volkswagen three way partnership would serve battery cell vegetation throughout Europe, the assertion stated, that are multiplying in quantity amid strain from the European Union to turn into much less depending on Asia for battery provide.
German newspaper Handelsblatt reported in December that the 2 corporations have been additionally nearing an settlement to cooperate on automotive software program, with Volkswagen planning to speculate a triple-digit million euro quantity. The businesses declined to remark.
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