We’ve got the Power - Mission #SalzGiga
Video Credit: AutoMotions - Duration: 03:28s - Published
We’ve got the Power - Mission #SalzGiga
Volkswagen is consistently continuing its e-mobility strategy: to kick off its battery offensive, the Group broke the ground for its first cell factory in Salzgitter today in the presence of German Chancellor Olaf Scholz.
Production will start in 2025.
With immediate effect, responsibility for global battery business is to be held by the newly created company “PowerCo”.
In addition to cell production, the new company will be responsible for activities along the entire battery value chain.
Up to 2030, PowerCo is to invest more than €20 billion together with partners in the development of the business area, to generate annual sales in excess of €20 billion and to employ up to 20,000 people in Europe alone.
