27 May '16, 2pm

Volkswagen Looks to Build Its Own ‘Gigafactory’ https://t.co/PLYHRLgRPR

Volkswagen Looks to Build Its Own ‘Gigafactory’ https://t.co/PLYHRLgRPR

In an effort to make amends for its diesel emissions cheating scandal, Volkswagen wants to make plug-in electrified vehicles in a big way, and for that, it needs batteries. According to the German publication Handelsblatt , the company is working toward a multi-billion euro plant enabling it to take control of its electrified car destiny, and not be solely reliant on Asian batteries, such as from LG Chem, Panasonic, and Samsung. A non-executive supervisory board will consider plans floated by VW Chief Executive Matthias Müller and a team before VW’s June 22 annual meeting. SEE ALSO: Volkswagen To Integrate Flat Batteries Into Future EVs The plant will need to be big enough to support the goal of increasing PEV sales within the next 10 years to 1 million, reports Handelsblatt . The similitude to Tesla’s “Gigafactry” has been suggested by others given that the cost of the pl...

Full article: http://www.hybridcars.com/volkswagen-looks-to-build-its-o...

Tweets

Looks shady.

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