German newspaper Handelsblatt, which has often produced reliable insider reports on the German auto industry, now cites insider sources saying that Volkswagen is about to present to its board of directors a plan to build a ‘multi-billion euro battery factory’.
The publication suggests that the plan is likely to be approved.
The battery cell supply chain is close to the number one priority of any automaker looking to manufacture electric vehicles in high volume. Ever since the ‘Dieselgate’ scandal, VW has been under pressure to introduce more electric vehicles to its lineup and earlier this year, it announced plans to introduce 20 new electric vehicles through the group’s brands by the end of the decade. expand full story