Volkswagen breaks ground on new EV battery cell factory in Germany

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Volkswagen began construction of its first EV battery cell factory in Salzgitter, Germany, which aims to become a blueprint for all future cell factories throughout Europe.

Production at the new facility is scheduled to start in 2025, with a planned capacity of 40GWh per year. With immediate effect, responsibility for global battery business is to be held by the newly created company PowerCo. In addition to cell production, the new company will be responsible for activities along the entire battery value chain.

Up until 2030, PowerCo is to invest more than €20 billion (US$20.3bn) together with partners in the development of the business area, to generate annual sales in excess of €20 billion and to employ up to 20,000 people in Europe alone.

German Chancellor Olaf Scholz said, “Today is a good day for the automotive industry in Germany and Europe. Volkswagen is showing how the future of sustainable, climate-compatible mobility could look. Together, we are laying the foundation for shaping this future to a significant extent in Salzgitter.“
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