The Volkswagen Group has laid out plans to lead not only in electric vehicle (EV) manufacturing but also cell production. It aims to dramatically increase its battery capacity over the next decade both through strategic partnerships and own-brand gigafactories.
The announcement came as part of a two-hour webcast dubbed 'Volkswagen Power Day', which showcased the Group’s roadmap for electrification in Europe, the US and China. Members of senior management from across the Group took to the stage in Wolfsburg or joined through a series of video links. It was a similar event to Tesla’s Battery Day in September 2020, which revealed a new cell design for upcoming Tesla models and highlighted a push to increase manufacturing volume in China.
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