VW, Bosch plan joint venture to equip gigafactories – report

This post was originally published on this site


The venture would deliver battery production systems as well as assisting battery cell manufacturers in scaling up and maintaining their production sites, the statement said.

“Europe has a one-time chance to become the global powerhouse for batteries in coming years,” Volkswagen board member Thomas Schmall, who is responsible for VW’s battery plans, said.

“We are working to build a complete, localised, European supply chain for ‘made in Europe’ e-mobility.”

Manager Magazine first reported Volkswagen and Bosch’s plans earlier on Tuesday, citing anonymous sources.