Volkswagen to create battery production unit in push for e-car mass production
Reuters / Volkswagen
German carmaker Volkswagen said it would create a unit to manufacture electric car batteries, as it prepares to mass-produce electric cars, reports news agency Reuters. Volkswagen said it is investing 870 million euros in 2019 and 2020 in developing e-vehicle components. “Group Components is assuming end-to-end responsibility for the battery – from the development of cell production competence through to recycling,” said Stefan Sommer, Member of the Volkswagen Group Board of Management responsible for Components and Procurement.
The VW Group, which comprises a range of different car brands, was slow to embrace sustainable transport compared to its German peers BMW and Daimler. But, in the wake of the emissions scandal, it set out ambitious plans to transform itself into a renewable mobility leader.