Volkswagen takes aim at Tesla with own European gigafactories

Volkswagen takes aim at Tesla with own European gigafactories
  • Clock-gray 23:06
  • calendar-gray 15 March 2021

Volkswagen plans to secure battery cell supply and expand the infrastructure for charging electric vehicles in Europe as it accelerates efforts to overtake Tesla and make so-called e-mobility cheaper, APA reports citing Reuters.

The world’s No. 2 carmaker, which is in the midst of a major shift towards battery-powered cars, said on Monday it plans to have six battery cell production plants operating in Europe by 2030, which it will build alone or with partners.

“E-mobility has become core business for us. We are now systematically integrating additional stages in the value chain,” Chief Executive Herbert Diess told VW’s Power Day.

The plants will have a production capacity of 240 gigawatt hours a year, VW said.

“We secure a long-term pole position in the race for the best battery and best customer experience in the age of zero emission mobility,” Diess added.

The group also said it would enter partnerships with oil major BP and top European utilities Enel and Iberdrola to expand electric vehicle charging.

A lack of infrastructure is still seen as a major hurdle to the mass adoption of battery-powered cars.

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