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VW deepens ties with cell makers to deliver on EV ambitions

Tue, 07/09/2019 - 14:38 -- News Editor
VW deepens ties with cell makers to deliver on EV ambitions

Vehicle OEM Volkswagen has created a joint venture and will finance battery production by purchasing up to €50 million (US$56million) worth of cells, the German firm has told news agency Reuters.

VW will buy the lithium ion batteries from established cell makers LG Chem, Samsung, SK Innovation and CATL, Stefan Sommer, board member for components and procurement, told Reuters.

 

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