How Volkswagen is reinventing itself as an e-car company has been on the agenda for years, but the recent crisis has only increased its focus on the future. The automaker has announced plans to stop selling gas cars in Europe by 2035, which is a significant timeframe for a company that has invested billions of dollars in electric vehicles. To counter the growing demand for electric cars, VW plans to make their own batteries, and it will be a big step forward for the brand.
While other automakers have committed billions of dollars to EV development
Only Volkswagen has the money to invest in an EV production line. It has also announced a four-year, 43-billion-dollar investment plan. The company has started converting a part of its factory into an EV pilot line and lab to test batteries and other components for future models. While the company may be a bit ahead of the curve in developing EVs, it can’t afford to fall behind in the competition.
To make EVs easier to use, Volkswagen is introducing new EV-friendly battery packs. By 2022, VW will build enough battery packs to supply over 600,000 EVs a year. The cost of battery packs is a bottleneck for the automaker’s ramp-up program. In the meantime, the company is working on recycling technology to prevent battery pack waste. Another major project is a study of solid state batteries, which do not contain liquid lithium. These battery packs will charge faster and offer more miles.
In addition to retooling the workforce
Volkswagen is focusing on building batteries for its upcoming electric cars. The transition will be more expensive than the company had planned, but it is also a major investment and may be a blueprint for other traditional automakers. The Salzgitter battery factory is scheduled to go online in two years. If the Volkswagen group succeeds in its mission to become an EV company, the industry will see a steady increase in sales.
The VW Group plans to build battery packs for up to 600,000 electric cars each year
A massive investment in battery manufacturing. It has a significant bottleneck in battery production and is testing recycling technology. The company is also working on advancing its own EV technology. A major goal is to be ready by 2022. The EV market is growing at a rapid pace, and Volkswagen wants to be at the forefront.
The VW Group is currently building battery packs for up to 600,000 EVs per year. The company expects to invest about 2.5 billion dollars in this area, and that will be a bottleneck as it ramps up the battery business. However, the company is also researching solid-state batteries that do not contain liquid lithium. These batteries will allow them to charge faster and offer better mileage. Aside from the massive investment in battery manufacturing, Volkswagen is also researching how to turn spent battery packs into usable energy.
By 2022, VW plans to produce EVs in the US and China
As well as expand their e-mobility operations worldwide. In fact, the company is preparing for this transition now. It has already set up a new factory in Salzgitter, Germany. This will provide enough of a battery for the Volkswagen Taos to sell in the future. The aim is to sell more vehicles, but this will be difficult to do in the short term.
The VW Group has already invested nearly $23 billion in EV production
The Volkswagen Group plans to build 600,000 battery packs per year, but it will face bottlenecks in the first few years. But its plans are far from over. Its current EV production facilities are already in the world’s biggest e-mobility markets, such as China and the US. The company is also considering an open-to-all approach to building electric vehicles.