27 Jun '16, 6pm

Volkswagen Considers China For First Battery Factory

The Volkswagen Group is trying to decide where to invest billions in one or more factories to manufacture battery cells and packs, and China appears to be on top of the list. Automotive News is reporting that a source close to senior management said, “China is likely one of the first, since we think electromobility will catch on there as a trend much sooner given the government’s relentless push.” Volkswagen has its back against the wall in attempting to move away from the diesel cheating scandal while, at the same time overhauling its long term strategy for the group’s 12 brands. SEE ALSO: Volkswagen Embraces EVs So You’ll Forget Dieselgate According to CEO Matthias Mueller, a key part is an “electrification initiative second to none in the industry” including the launch of 30 fully electric models by 2025. The German automaker is now forecasting sales between two and thr...

Full article: http://www.hybridcars.com/volkswagen-considers-china-for-...

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