Volkswagen follows Tesla’s lead by announcing six “gigafactories” of batteries

Double bites. Volkswagen on Monday announced the acceleration of its plan to produce its own battery cells during a major online show highlighting the grand electric ambitions of the world’s largest automaker. The German industrialist has staged his desire to regain control of these components which concentrate a large part of the value of electric cars.

Currently dependent on Asian suppliers, Volkswagen will have integrated the production of 80 of its batteries by 2030 thanks to a European network of six factories, discount Herbert Diess, the boss of the group. An investment that would approach $ 29 billion according to estimates by BloombergNEF. “The electric car won the race. We must secure the pole position in the global rush for batteries, ”hammered the strong man from Wolfsburg, who wants to sell 26 million electric cars by 2030.

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