Volkswagen invests a further €500 million in sustainable battery activities with Northvolt AB
Arno Antlitz, Group Board Member for Finance and IT: With this investment, we are strengthening our strategic partnership with Northvolt as a supplier of sustainable battery cells which are produced using renewable energy and are comprehensively recyclable.
Thomas Schmall, Group Board Member for Technology and CEO of Volkswagen Group Components: Batteries are one of the key success factors in our unprecedented electric offensive. In the major area of green battery cells, we are assuming a pioneering role in Germany and Europe together.
The production of Volkswagen premium cells is to be concentrated at Skellefteå in cooperation with Northvolt. Production of these cells is due to start in 2023 and the annual capacity intended for Volkswagen is to be built up step-by-step to as much as 40 GWh.
The second Volkswagen gigafactory is located in Salzgitter and will produce the standard cell for the volume segment from 2025. All in all, Volkswagen expects to commission six cell factories in Europe by 2030 together with its partners with a view to safeguarding the ramp-up of electric vehicle production.
Jun 10, 2021 at 17:15