Volkswagen Group and Bosch to lead European manufacturers in battery production

Volkswagen Group and Bosch to lead European manufacturers in battery production

MANILA: The Volkswagen Group and Bosch have inked a partnership to establish an EV battery solutions company, which aims to industrialize battery cell manufacturing in Europe. 

KEY TAKEAWAYS

  • How will the Volkswagen Group and Bosch help other firms in battery manufacturing?

    The VW Group will provide expertise in battery cell production, while Bosch will provide the components needed for production.
  • What is the VW Group's battery production goal?

    In Europe alone, the Group plans to build six "gigafactories" by 2030.
  • Through the partnership, the VW Group and Bosch plan to supply manufacturers the range of processes and components needed for the largen production of battery cells and systems.

    In a release, the firms said they aim to accomplish the said goal by combining Volkswagen's knowledge in battery cells and manufacturing, and Bosch's supplying of factory equipment. 

    Both companies are preparing to set up the new company by the end of 2022, the release added. 

    Volkswagen Group and Bosch

    As both firms plan to help and lead fellow European manufacturers, carbon-neutral mobility will be accomplished. The companies share a goal of volume production of "sustainable, cutting-edge batteries."

    In Europe alone, the VW Group plans to build six cell factories by 2030. Other companies plan to build cell factories with a total yearly capacity of around 700 gigawatt-hours by 2030. 

    The memorandum of understanding for the partnership was signed by the following members of the VW Group and Bosch: VW Group components CEO Thomas Schmall, and Bosch Chairman of the Executive Board Rolf Najork. 

    Photos from Volkswagen

    Also read: Volkswagen partners with 3 firms for EV battery production, tech

     

     

     

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