Volkswagen gears up for electric battle
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Bloomberg has reported that the company has secured 20 billion Euros ($31b) in battery supplies to feed its future electric car arsenal in Europe and China, with a further North American deal yet to be finalised which could see the spend doubled.
.......... with a further North American deal yet to be finalised which could see the spend doubled.
Volkswagen I.D. hatch electric car. Volkswagen Group is preparing for its electric car onslaught. Volkswagen is also planning on developing three factories to produce its electric cars, one each in Europe, North America and China in the short term. The German marque has earmarked about 1 billion Euros ($1.57b) for the transformation of one its German production facilities into its electric manufacturing centre with the desire to produce up 1500 electric vehicles a day,
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