VW says it needs to convince battery suppliers to invest in EVs

Discussion in 'Car Related News Section' started by Halbot, Jul 10, 2019.

  1. Halbot

    Halbot Platinum Member

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    [​IMG] Volkswagen will create joint ventures and help finance battery production to persuade sceptical cell suppliers to back its aggressive push for mass producing electric vehicles, board member Stefan Sommer told Reuters. VW has said it will buy 50 billion euros (£44.8 billion) worth of battery cells and has identified Sweden's Northvolt, South Korea's SKI , LG Chem and Samsung SDI as well as China's CATL as strategic partners. "Not every
    Continue reading VW says it needs to convince battery suppliers to invest in EVs

    VW says it needs to convince battery suppliers to invest in EVs originally appeared on Autoblog on Mon, 8 Jul 2019 08:35:00 EDT. Please see our terms for use of feeds.

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