Volkswagen contemplates setting up battery manufacturing plant

Volkswagen AG is reportedly contemplating building an in-house battery factory which is in-line with the company’s bigger plans of expanding its electric vehicle model range. Understandably, the new factory will require a multi-billion euro investment. Once it becomes operational, Volkswagen will no longer have to rely on companies like Panasonic, LG and Samsung for batteries. German daily Handelsblatt got to know about this from its sources within the company.

According to the report, a new battery factory will give Volkswagen an...

Updated Date: May 27, 2016 15:13 PM

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