https://www.bloomberg.com/news/arti...illion-battery-supplies-in-electric-car-surge
Volkswagen AG secured 20 billion euros ($25 billion) in battery supplies to underpin an aggressive push into electric cars in the coming years, putting pressure on Tesla Inc. as it struggles with production issues for the mainstream Model 3.
The world’s largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with three currently, Volkswagen said Tuesday in Berlin. The German manufacturer’s plans to produce as many as 3 million electric cars a year by 2025 is backstopped by deals with battery suppliers in Europe and China.
(continued in article)
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Huge news and great for the Lithium / Cobalt market!
They haven't announced who the deal is with yet...
VW Secures $25bn Battery Supplies
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