clearn.png
Tuesday June 15th, 2021 6:02AM

Volkswagen plans six battery factories to ramp up electrics

By The Associated Press
Related Articles
  Contact Editor

FRANKFURT, Germany (AP) — Volkswagen plans six large battery factories in Europe by 2030 to power sales of more electric cars while driving down battery prices and making electric vehicles more affordable for entry-level buyers.

Volkswagen said it would build on its existing battery production facilities at Salzgitter in Germany and with partner Northvolt in Skelleftea, Sweden, adding new production technology and a standardized cell that it said would cut battery costs by as much as 50%.

The world's second-largest carmaker by sales volume behind Toyota also outlined plans to work with partners to operate 18,000 fast-charging points in Europe by 2025, which it said would represent a five-fold expansion of what's currently available. Having more places to charge on longer trips is seen as another way to get more people to buy electric cars.

Battery costs are one reason electric cars are often more expensive than internal combustion equivalents. Europe's accelerating rollout of electric cars has been supported by expensive government and carmaker subsidies to bring the price down for consumers.

The Wolfsburg, Germany-based automaker on Monday outlined plans for a broad ramping up of its battery production during an online event dubbed “Power Day,” an apparent echo of competitor Tesla's annual “Battery Day” events where the company announces new steps in battery technology. Tesla is building a large battery factory near Berlin.

On top of the factory network, Volkswagen said it would introduce new battery technology and chemistry that aims to make production more efficient and lead to better performance, steps it said would help bring electric cars within the reach of more buyers.

“We aim to reduce the cost and complexity of the battery and at the same time increase its range and performance”, says Thomas Schmall, Volkswagen's technology chief. “This will finally make e-mobility affordable and the dominant drive technology.”

Last year Volkswagen tripled its production of electric cars to 422,000 to meet tougher European Union limits on average emissions of carbon dioxide, the primary greenhouse gas blamed by scientists for climate change. The company says it plans to produce 1.5 million a year by 2025.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Volkswagen plans six battery factories to ramp up electrics
Volkswagen is going big on batteries for electric cars
10:21AM ( 6 minutes ago )
New challenge for the Powell Fed: A strengthening economy
For the past year, Federal Reserve Chair Jerome Powell has expressed a wish for more rescue spending from Congress, better control of the viral pandemic and clear evidence of an improving economy
10:14AM ( 13 minutes ago )
Chicago parish fiercely backs priest after sex abuse claims
A Black Catholic church on Chicago's South Side is waging an unusually fierce fight with the archdiocese over its investigation of decades-old sexual abuse allegations against a popular activist priest
10:13AM ( 14 minutes ago )
Associated Press (AP)
The Latest: German ICU doctors call for tougher lockdown
Germany’s association of intensive care doctors is calling for a return to stricter lockdown measures as coronavirus cases in the country continue to rise
9:21AM ( 1 hour ago )
EU takes legal action vs UK over Brexit deal delays
The European Union is starting legal action against the United Kingdom arguing London does not respect the conditions of the Brexit withdrawal agreement and is committing a violation of international law
9:15AM ( 1 hour ago )
What to do if you are a victim of unemployment fraud
Unemployment fraud in the U.S. has reached dramatic levels during the pandemic: more than $63 billion has been paid out improperly through fraud or errors since March 2020
9:03AM ( 1 hour ago )
AP Business
Hope that South Africa's COVID-19 corruption inspires action
A special unit in South Africa is investigating nearly $900 million worth of government procurement contracts related to the coronavirus pandemic for possible corruption
4:26AM ( 6 hours ago )
Timing key in consulting deal between FirstEnergy, regulator
Shortly before utility lawyer and lobbyist Sam Randazzo was appointed Ohio’s top regulator over electric and power generating companies, he received $4.3 million from top executives at one of the companies whose fortunes would soon be in his hands
8:34AM ( 1 day ago )
Why the pandemic left long-term scars on global job market
When the viral pandemic slammed violently into the U.S. economy a year ago, igniting a devastating recession, it swept away tens of millions of jobs
11:42AM ( 1 day ago )
AP Business - Corporate News
New challenge for the Powell Fed: A strengthening economy
For the past year, Federal Reserve Chair Jerome Powell has expressed a wish for more rescue spending from Congress, better control of the viral pandemic and clear evidence of an improving economy
10:14AM ( 13 minutes ago )
Chicago parish fiercely backs priest after sex abuse claims
A Black Catholic church on Chicago's South Side is waging an unusually fierce fight with the archdiocese over its investigation of decades-old sexual abuse allegations against a popular activist priest
10:13AM ( 14 minutes ago )
Dallas Seavey wins Iditarod, matches most wins by a musher
Dallas Seavey has won the Iditarod and matched a milestone in the world's most famous sled dog race
10:01AM ( 26 minutes ago )
'Mank' leads Academy Awards nominations with 10 nods
David Fincher’s “Mank” has led nominations for the 93rd Academy Awards with 10 nods
10:00AM ( 27 minutes ago )
Wall Street opens flat as China reports so-so economic data
Shares are opening flat on Wall Street Monday
9:57AM ( 30 minutes ago )