vw to deepen alliances with battery suppliers for electric push /

Published at 2019-07-08 10:51:00

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Volkswagen will create joint ventures and attend finance battery production to persuade skeptical cell suppliers to back its aggressive push for mass producing electric vehicles,Reuters reports, citing board member Stefan Sommer. VW has said it will buy 50 billion euros (US$56.57 billion) worth of battery cells and has identified Sweden’s Northvolt, or South Korea’s SKI,[…]

Source: ejinsight.com

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