VW Planning Its Personal Battery Gigafactory With Assist From SK Innovation

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Volkswagen will clone the Tesla-Panasonic gigafactory strategy?

Volkswagen thus far was counting on exterior provides of lithium-ion battery cells and in addition to some funding in analysis of next-generation batteries, it doesn’t have any in-house manufacturing facility.

The instance of the profitable and worthwhile partnership between Tesla and Panasonic within the Tesla Gigafactory mission, in addition to the size of additional Volkswagen EV plans, encourages it to think about its personal battery gigafactory and contracted with a battery producer.

Volkswagen stated that it wants as much as 150 GWh yearly by 2025 for some €50 billion ($60 billion) and thus far contracts awarded to suppliers have a quantity of some €40 billion ($47.7 billion).

In line with Germany’s Supervisor Magazin, Volkswagen is in negotiations with SK Innovation to construct a battery gigafactory in Europe.

It will be an fascinating match, as SK Innovation is a a lot smaller participant than different South Korean producers (LG Chem or Samsung SDI), Japanese (Panasonic) or Chinese language (CATL, BYD) and such a partnership would open the best way to development.

Presently, SK Innovation is in progress to construct a 7.5 GWh plant in Hungary.

Supply: Supervisor Magazin by way of Electrek


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