VW's $29 billion battery day

[jack_christie]

plan to build six battery factories in Europe and invest globally in charging stations.

VW Plans to Be Battery Juggernaut in $29 Billion Answer to Tesla

Volkswagen AG is stepping up efforts to unseat Tesla Inc. as the dominant electric-car maker with a plan to build six battery factories in Europe and invest globally in charging stations.

www.bloomberg.com

Volkswagen takes aim at Tesla with own European gigafactories

Volkswagen plans to build half a dozen battery cell plants in Europe and expand infrastructure for charging electric vehicles globally, accelerating efforts to overtake Tesla and speed up mass adoption of battery-powered cars.

www.reuters.com

Live stream

The Volkswagen Newsroom is a service of Volkswagen AG for journalists, bloggers, and multipliers. It offers the latest news for press and media.

www.volkswagen-newsroom.com

Northvolt said on Monday it had won an order worth more than $14 billion over 10 years from Germany’s Volkswagen

Battery maker Northvolt gets $14 billion order as Volkswagen raises ownership

Northvolt said on Monday it had won an order worth more than $14 billion over 10 years from Germany's Volkswagen, which increases its stake in the Swedish lithium-ion battery maker.

www.reuters.com

 

[93Flareside]

The diesel settlement with the US government was such that they forever VW to build charging stations under the Electrify America name.