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Gigafactories

VW unveils $60bn batteries investment plan

Tue, 09/19/2017 - 11:01 -- News Editor
VW unveils $60bn batteries investment plan

Volkswagen has announced plans to invest more than EUR50 billion ($60bn) in battery cells and related technology, towards the electrification of its entire model portfolio by 2030 “at the latest”.

CEO Matthias Mueller (pictured) said the group has already launched a global tender process to find manufacturing partners in China, Europe and North America— as VW will “need more than 150GWh of lithium-ion battery capacity annually by 2025 for its own e-fleet alone”.

 

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Magnis wins fresh gigafactory deals

Tue, 09/05/2017 - 10:47 -- News Editor
Magnis wins fresh gigafactory deals

Australian graphite producer Magnis Resources is to supply raw materials to the German start-up behind plans to build two gigafactories in Europe.

Magnis said it has signed a deal with TerraE Holding GmbH, which recently formed a consortium of 17 (now 18) major companies and research institutions – and plans a total of 34GWh of production capacity across two lithium-ion battery cell production plants in Germany.

 

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