: Volkswagen forms European company for automobile batteries production #IndiaNEWS #Automobile Today, the German multinational automotive manufacturing corporation, Volkswagen, has officially announced

Volkswagen forms European company for automobile batteries production #IndiaNEWS #Automobile
Today, the German multinational automotive manufacturing corporation, Volkswagen, has officially announced that it has formed a European firm to unify activities across the battery value chain, from raw material processing to the development of a unified Volkswagen battery to the management of European gigafactories.

The company models based on reusing wasted automobile batteries and recycling the precious raw materials they contain will be part of the companys scope. As a result, the Group is developing an efficient and future-proof architecture for the constantly expanding battery industry.

The Volkswagen Group is seeking to become the worlds leading maker of electric vehicles as part of its NEW AUTO strategy. To that purpose, its growing its battery-related activities and establishing them as a key competency.

Volkswagen plans to build six gigafactories in Europe to meet the companys expanding demand for battery cells. In 2025, Salzgitter will begin producing battery cells.

For the Volkswagen Groups volume business, the gigafactory in Lower Saxony will create unified battery cells. The factorys initial capacity is slated to be 20-gigawatt hours, however, this is expected to be increased to 40-gigawatt hours in the future.

The Volkswagen Group is spending extensively on developing battery cell production in Salzgitter based on the current planning round. Up until the start of production, €2 billion has been set aside for the building and operation of the Salzgitter gigafactory.

In the future, the production of battery cells in Salzgitter is planned to employ around 2,500 people. These individuals will primarily be Salzgitter engine factory employees who will be retrained to fill these new responsibilities. The Volkswagen Groups battery center will be located in Salzgitter, Lower Saxony, and will bring together development, planning, and manufacturing management under one roof. Additional gigafactories are expected to be built in Spain and Eastern Europe.

In the first half of 2022, the exact locations for gigafactories 3 and 4 will be determined. By 2030, Volkswagen plans to build two more battery cell facilities in Europe.

This will produce battery cells for the premium automotive segment starting in 2023. In the area of premium battery cells, Northvolt already has a relationship with the Volkswagen Group.

The Volkswagen Group is pursuing what is arguably the most comprehensive electrified strategy in the world of automobiles. The Group will invest roughly €52 billion in the research and production of new electric vehicles over the next five years.

The development of new commercial fields such as batteries, charging, and energy is also covered under the NEW AUTO plan.