VW wants battery factory in Germany – and fast

The management of car maker Volkswagen will soon make a decision over which Asian partner it will build up a battery cell production with in Germany, Frankfurter Allgemeine Zeitung writes, citing unnamed sources from within the company. A report in Manager Magazin said that a partnership with Korean battery producer SK Innovation was on the horizon. Another crucial element for establishing a battery cell industry in Germany is bringing together a consortium of producers, the article says. Plans for such a consortium will be presented in November; the German government plans to provide one billion euros as start-up financing, the article says.

Read the article in German here.

For background see this dossier on Germany’s car makers and the energy transition here, and the article Chinese-German battery cell deal key step for mobility transition.