VW to ramp up battery production with six ‘gigafactories’ in Europe

A VW staff will work on an ID.3 electric powered car or truck at a facility in Dresden, Germany, on January 29, 2021.

Matthias Rietschel | photo alliance | Getty Photos

Volkswagen is hunting to ramp up battery mobile generation for electric autos in the coming several years, with the German motor vehicle big announcing Monday that it was aiming to establish many “gigafactories” in Europe by the stop of the ten years.

“Collectively with associates, we want to have a overall of six cell factories up and functioning in Europe by 2030,” Thomas Schmall, who is CEO of Volkswagen Group Elements, claimed in a assertion. This shift, he added, would guarantee “safety of provide.”

According to VW it’s envisioned that, the moment thoroughly up and operating, the factories will be able to manufacture battery cells with a merged strength price of 240 gigawatt several hours just about every 12 months.

The initially two will be found at a Northvolt facility in Skellefteå, Sweden and VW’s Salzgitter web site in Germany. In its have announcement Monday, Northvolt stated it experienced received a $14 billion battery cell purchase from Volkswagen, which will increase its ownership stake in the Swedish battery maker. 

Volkswagen will also aim on the progress of a “new unified mobile” which is slated to be rolled-out in 2023 and employed in as much as 80% of the group’s electric powered motor vehicles in 2030.

“On regular, we will generate down the value of battery methods to substantially below €100 (close to $119.19) per kilowatt hour,” Schmall said. “This will at last make e-mobility cost-effective and the dominant drive know-how.”

On the charging front, VW stated it prepared to run roughly 18,000 “general public fast-charging points” in Europe by the 12 months 2025. This will be understood by its joint venture, recognised as ‘IONITY,’ with other key carmakers, as properly as what it explained as “a collection of strategic partnerships.”

The latter will see VW – which will make investments 400 million euros in its European initiative by 2025 – collaborating with Enel in Italy, Iberdrola in Spain and BP in Fantastic Britain.

In China another joint enterprise, CAMS, will intention for 17,000 speedy-charging details by the middle of this decade. In North The united states, ideas are in spot for around 3,500 rapid-charging details by the close of 2021.  

On Sunday, VW said it would freeze the dimension of its workforce at January 2021 ranges and begin featuring partial retirement to personnel born in 1964 and an early retirement initiative for staff members born in between 1956 and 1960.