• Home
  • Features
  • Germany: We are covered by our three gigafactories in Europe until 2028 – Volkswagen
Image

Germany: We are covered by our three gigafactories in Europe until 2028 – Volkswagen

A board member of Volkswagen, Thomas Schmall said Volkswagen’s battery needs are covered until 2028 by its three confirmed factories in Europe – the Salzgitter plant in Germany, Northvolt’s plant in Sweden and a planned plant in Valencia.

“With these three plants we are covered until 2028,” Schmall said at a press event at the Salzgitter plant, inaugurated last July.

The Valencia plant, confirmed last year, it is due to begin production in 2026. Volkswagen said it was waiting to hear what Europe’s response to the U.S will be. Inflation Reduction Act will be before progressing with plans to build further battery plants in the region.

The carmaker was standardising the structure of its factories to make production more efficient, Schmall said, describing the process of building new plants as “copy-paste”.

While the structure of the battery cells would also be standardised, the chemistry of the battery would differ for different models, Schmall said: Batteries for entry-level models will use iron phosphate, while medium-level models will have high manganese content and top models increased silicon content.

With its PowerCo battery unit, Volkswagen wanted to become a significant player but not the only player in the battery space, Schmall added, highlighting that 95% of the battery market is dominated by Asian players like CATL and LG Chem.

Releated Posts

Nigeria: Moghalu appointed Academy of International Affairs fellow

Professor Kingsley Moghalu, President of the Institute for Governance and Economic Transformation (IGET) and CEO of Sogato Strategies…

ByByInstinctBusinessMar 28, 2024

Kenya: DTB boosts dividend amid Sh6.8bn profit growth

Diamond Trust Bank (DTB) Group has raised its dividend payout to a record of Sh6 per share for…

ByByInstinctBusinessMar 28, 2024

Nigeria: Access Corporation Reports Record-Breaking N612.4 Billion Profit

Access Corporation, Nigeria’s leading finance holding company, has announced a remarkable achievement with a profit after tax of…

ByByInstinctBusinessMar 28, 2024

Ghana: Herbert Krapa named ECG’s new board chairman

President Nana Akufo-Addo has appointed Deputy Energy Minister, Herbert Krapa, as the new Board Chair of the Electricity…

ByByInstinctBusinessMar 27, 2024