Automaker Volkswagen’s boosting up for its big EV push, with $25 billion in committed battery supplies and intents to outfit 16 factories to develop electric cars by the end of the year 2022, up from three with that capacity in the VW stable right now.
Moving forward, Volkswagen’s center of attention is on battery suppliers in Europe and China, its two biggest markets, and likely the two that will be most salient for battery electric vehicle production for the next decade. The automaker still focuses to lock down a North American battery supplier deal very soon, however, according to Bloomberg, and ultimately aims at buying about $60 billion in batteries for EVs in total, with a target of manufacturing as many as 3 million electric cars every year by 2025.
Volkswagen is preparing itself to launch its MEB platform, which will prove the foundation of its I.D. line of electric cars, as well as the underpinning of electric models from other brands in the greater Volkswagen Group. The MEB platform is outlined to be relatively fixed in its configuration, so that it can be produced at scale reasonably with little alterations model to model, but also permitting for designs ranging from light compacts, to sedans and SUVs to be built on top.
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