OUR Volkswagen announced this Thursday, July 7th, a $20 billion investment in a project to produce its own batteries for electric vehicles. The investment will create about 20,000 jobs, the German automaker said. A new subsidiary, Power Co., was formed to manage battery production.

Volkswagen and the electrification of its fleet

OUR Power Co will be responsible for managing the entire supply chain of the new product Volkswagen, from the research and development of new technologies to the raw material extraction stage (contact with suppliers) and even the disposal of old batteries. Through this processing step automaker will provide its customers with additional support in the maintenance and durability of vehicles.

CEO VolkswagenHerbert Diess, said in a statement that “battery maintenance is one of the pillars of a new automotive strategy that will make Volkswagen to be the leading software provider for sustainable driving and the mobility of the future.” automaker By 2030, Germany should open six factories in Europe to produce batteries for electric vehicles. Currently, the company already has factories in the cities of Salzgitter (Germany) and Skelleftea (Sweden). The next announced plants will be in Valencia (Spain) and in a city to be confirmed in Eastern Europe. OUR Volkswagen still wants to open several factories in North America, one of the main sales markets electric vehicles.

Standard battery for all cars and excellent autonomy.

Among the plans to electrify your fleet Volkswagen wants 80% of its cars to use the same battery by 2030. electric vehicles. next version Volkswagen ID and an electric sedan Air B should have this high degree of autonomy.

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Via: Edge