Volkswagen Creates European Company for Battery Business
13 Décembre 2021 - 12:40PM
Dow Jones News
By Mauro Orru
Volkswagen AG is establishing a European company for its battery
business as it doubles down on efforts to bolster its presence in
the fast-growing market of electric vehicles.
The German car maker said Monday that the new company would
encompass activities ranging from the processing of raw materials
to managing the European gigafactories.
The announcement comes as Volkswagen plans to set up six
gigafactories in Europe to meet rising demand for battery cells.
The company has set aside 2 billion euros ($2.26 billion) for the
construction and operation of its Salzgitter gigafactory up to the
start of production, slated for 2025.
The site will bring together development, planning and
production control, effectively making Salzgitter Volkswagen's
European battery hub.
"We already have a strong battery team in Salzgitter made up of
500 employees from 24 countries--and we are continuing to
strengthen this team at leadership level," Thomas Schmall, chief
executive of Volkswagen Group Components, said.
Volkswagen has plans for more gigafactories at sites in Spain
and Eastern Europe, with more details expected in the first half of
2022. The company hopes to open two more battery cell factories in
Europe by 2030.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
December 13, 2021 06:25 ET (11:25 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Volkswagen (TG:VOW3)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Volkswagen (TG:VOW3)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024