Volkswagen plans to build six battery cell factories operational in Europe by 2030, accelerating its efforts to overtake Tesla and speed up mass adoption of battery powered cars.  Volkswagen said the factories will have a joint production capacity of up 240 gigawatt hours (GWh) a year, adding the first 40 GWh from Swedish battery manufacturer Northvolt by 2023. As part of the deal VW will raise its stake in the Swedish firm as well as assume Northvolt’s stake in a battery cell venture in Germany. Additional factories are planned for Spain, France and Poland. As part of the transition, VW will expand its charging infrastructure, with plans to operate about 18,000 public fast charging points in Europe by 2025.

 

For more info : https://www.reuters.com/article/us-volkswagen-batteries-plants/volkswagen-takes-aim-at-tesla-with-own-european-gigafactories-idUSKBN2B71EW?il=0

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