• 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.

Related Posts

Jumo appoints fintech expert Bradwin Roper as Chief of Payments Partnerships and Executive Committee Member

Jumo, a technology company building next-generation mobile financial services for emerging market entrepreneurs, has announced the appointment of…

Oluyemi Oloyede MD/CEO at UAC Foods emerges InstinctBusiness CEO of the week

InstinctBusiness Magazine has named the Managing Director and Chief Executive Officer of UAC Foods, Oluyemi Oloyede as the…

Ghana: Telecel CEO advocates for collaborative efforts and investment in digital public infrastructure

Chief Executive of Telecel Ghana, Ing. Patricia Obo-Nai, has issued a strong appeal for enhanced multilateral partnerships and…

Ghana: Gold Fields Foundation launches 20th anniversary

Gold Fields Ghana Foundation has launched its 20th Anniversary to promote the sustainable and legacy projects for the…