Hot to join Volkswagen battery consortium


It was learned that Volkswagen was willing to participate in the consortium of German electric car batteries. The subject will be discussed at the board meeting this week.
Although no official statement has yet been made from the company, Volkswagen CEO Herbert Diess argues that Germany should reduce its dependence on Asia on its car batteries.

Volkswagen had previously signed a multi-billion-dollar procurement contract with LG Chem and Chinese Contemporary Amperex Technology fittings. Now the German government is trying to build a multi-company consortium to meet the increasing demand for electric car batteries in Europe.
The government has allocated 1 billion euros to support the consortium. The consortium will also conduct research on the next generation solid-state batteries.
Although there have been significant advances in lithium ion battery technology in recent years, companies are looking for ways to produce more stable and powerful batteries. Some companies, such as the German battery manufacturer VARTA Microbattery, the chemical giant BASF and Ford-Werke, a subsidiary of Ford in Germany, are planning to build a new battery factory in Germany.

Most German car manufacturers are currently using electric car batteries produced in the Polish factory of South Korean LG Chem.

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