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VW and Bosch team up to raise Europe’s battery ambitions

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BERLIN - Volkswagen Bosch and Bosch have agreed to set up and equip a joint venture by the end of this year. Help battery factories and Europe to become self-sufficient in battery production.  Volkswagen said Tuesday that the firm will provide battery manufacturing systems to help battery cell manufacturers expand and maintain their manufacturing bases, adding that it will serve its factories and other factories across Europe.  "Europe has only one chance of becoming a global battery powerhouse in the next few years," said Thomas Schmol, a member of the Volkswagen board of directors and responsible for VW's battery planning.  "We are Made in Europe" is committed to creating a fully localized European supply chain for electric mobility. ,     The two companies did not say how much they would invest in the company.  In Europe, data from the European Battery Alliance (EBA), which is expected to account for around 16% of global production by 2029, has so far generated less than 900 gigawatt hours (GWh). A reusable battery plant has been announced.  However, EBA is a market leading supplier, mainly South Korea. China ..  The largest battery factory in Europe was designed for Tesla, built at the plant near the Berlin electric car and set to produce over 100 GWh of capacity during peak hours.  Both the factory and the factory are still awaiting the approval of the local authorities to start production.  Volkswagen aims to overtake Tesla as the leading electric vehicle (EV) supplier and has announced plans to build six so-called Gigafactories in Europe by the end of the decade. supply chain as much as possible.  Volkswagen CEO Herbert Diess, who clashed with the company's strong work advice on an electrification strategy late last year, predicts the battery sector will sell 20 billion euros ($ 22.7 billion). ) by the end of the decade. We are ready for partial sale.  The automaker, which increased its electrification spending to € 52 billion over the next five years in December last year, has promised to sell electric vehicles exclusively in Europe starting in 2035.  For Bosch, the move will solidify its role in the transition to electric vehicles. This poses a danger that exists for many suppliers, as the steps and effort required to produce an electric vehicle are less than that of producing an internal combustion engine vehicle.  Major global suppliers in the past have refused to invest in battery cell manufacturing and believe the initial investment would be too expensive.  German newspaper Handelsblatt reported in December that Volkswagen plans to invest millions of euros in triple digits and that the two companies are reaching an agreement to work together on automotive software. Both companies declined to comment.

BERLIN – Volkswagen Bosch and Bosch have agreed to set up and equip a joint venture by the end of this year. Help battery factories and Europe to become self-sufficient in battery production.

Volkswagen said Tuesday that the firm will provide battery manufacturing systems to help battery cell manufacturers expand and maintain their manufacturing bases, adding that it will serve its factories and other factories across Europe.

“Europe has only one chance of becoming a global battery powerhouse in the next few years,” said Thomas Schmol, a member of the Volkswagen board of directors and responsible for VW’s battery planning.

“We are Made in Europe” is committed to creating a fully localized European supply chain for electric mobility. ,

The two companies did not say how much they would invest in the company.

In Europe, data from the European Battery Alliance (EBA), which is expected to account for around 16% of global production by 2029, has so far generated less than 900 gigawatt hours (GWh). A reusable battery plant has been announced.

However, EBA is a market leading supplier, mainly South Korea. China ..

The largest battery factory in Europe was designed for Tesla, built at the plant near the Berlin electric car and set to produce over 100 GWh of capacity during peak hours.

Both the factory and the factory are still awaiting the approval of the local authorities to start production.

Volkswagen aims to overtake Tesla as the leading electric vehicle (EV) supplier and has announced plans to build six so-called Gigafactories in Europe by the end of the decade. supply chain as much as possible.

Volkswagen CEO Herbert Diess, who clashed with the company’s strong work advice on an electrification strategy late last year, predicts the battery sector will sell 20 billion euros ($ 22.7 billion). ) by the end of the decade. We are ready for partial sale.

The automaker, which increased its electrification spending to € 52 billion over the next five years in December last year, has promised to sell electric vehicles exclusively in Europe starting in 2035.

For Bosch, the move will solidify its role in the transition to electric vehicles. This poses a danger that exists for many suppliers, as the steps and effort required to produce an electric vehicle are less than that of producing an internal combustion engine vehicle.

Major global suppliers in the past have refused to invest in battery cell manufacturing and believe the initial investment would be too expensive.

German newspaper Handelsblatt reported in December that Volkswagen plans to invest millions of euros in triple digits and that the two companies are reaching an agreement to work together on automotive software. Both companies declined to comment.

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