Categories: Europe

VW, Bosch to set up JV to equip gigafactories

BERLIN — Volkswagen and Robert Bosch plan to arrange a three way partnership by the tip of this yr to equip battery cell factories and assist make Europe self-sufficient in battery manufacturing.

The unit will discover the probabilities of industrial-scale options for battery manufacturing in Europe, VW and Bosch stated in a assertion on Tuesday.

The brand new enterprise will ship battery manufacturing methods in addition to helping battery cell producers in scaling up and sustaining their manufacturing websites, VW stated.

“Europe has a one-time probability to change into the worldwide powerhouse for batteries in coming years,” VW’s know-how chief, Thomas Schmall, stated within the assertion.

“We’re working to construct a whole, localized, European provide chain for ‘made in Europe’ e-mobility,” Schmall stated.

VW plans to have six battery cell manufacturing vegetation in Europe by 2030, a key step in its bid to outdo Tesla and change into the world’s high vendor of electrical automobiles.

The primary two vegetation, one in Sweden and one in Germany, are set to start manufacturing in 2023 and 2025. Places and begin dates for the remaining 4 haven’t but be disclosed, although doable areas embrace Spain and japanese Europe.

The Bosch-VW three way partnership would serve battery cell vegetation throughout Europe, the assertion stated, that are multiplying in quantity amid stress from the European Union to change into much less depending on Asia for battery provide.

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