13 Mar '18, 5pm

VW Group has nailed down $25 billion of batteries for electric cars, it said today

John Voelcker Mar 13, 2018 Follow John Add to circle Volkswagen ID electric car concept, 2016 Paris auto show Enlarge Photo For a company that has only two battery-electric models in production, both several years old, VW Group spends a great deal of time talking about electric cars. The company has plans to launch 30 new electric vehicles by 2025, and has released four Volkswagen ID concepts, the first of which will enter production in November 2019. At its annual press conference held Tuesday morning, however, Volkswagen said something that should make the rest of the industry pay sharp attention. DON'T MISS: VW needs '40 gigafactories' for electric-car batteries by 2025 (Jul 2017) VW Group has now concluded deals with LG Chem and Samsung to provide lithium-ion battery cells for the electric cars it builds in Europe, said CEO Matthias Mueller. And for China, whose regula...

Full article: https://www.greencarreports.com/news/1115733_vw-group-has...

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