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VW coy on partnership and funding for €1bn battery cells plant

Tue, 05/14/2019 - 13:13 -- John Shepherd
VW coy on partnership and funding for €1bn battery cells plant

German carmaker Volkswagen is to invest “just under €1 billion” (US$1.1bn) to build a battery cell production facility in the country with an undisclosed partner.

A VW spokesperson told BEST Battery Briefing its partner would be “a European-based company” but declined to elaborate. 

However, the spokesperson revealed the plant would have an annual production capacity of 10GWh and could be in operation by 2022/2023.

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