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Volkswagen CEO says sees case for building own battery factory

21 November 2016
Consumers
energynomics

Europe’s largest carmaker Volkswagen sees building its own factory to make electronic vehicle batteries as a logical move as it expands production of low-emission cars after its emissions scandal.

Volkswagen and its labor unions agreed to cut 30,000 jobs at the core VW brand in exchange for a commitment to avoid forced redundancies in Germany until 2025, according to Reuters.

The cuts came with a management pledge to create 9,000 new jobs in the area of battery production and mobility services at factories in Germany as part of efforts to shift toward electric and self-driving cars.

“If more than a quarter of our cars are to be electronic vehicles in the in the foreseeable future then we are going to need approximately three million batteries a year,” Chief Executive Matthias Mueller told Frankfurter Allgemeine Sonntagszeitung. “Then it makes sense to build our own factory.”

Volkswagen currently relies on external battery suppliers for the electric vehicles it makes.

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