VW and Bosch will explore the possibilities of industrial-scale solutions for battery manufacturing in Europe.
Volkswagen and Robert Bosch plan to set up a joint venture by the end of this year to equip battery cell factories and contribute to Europe’s self-sufficiency in battery production.
The unit will explore the possibilities of industrial-scale solutions for battery manufacturing in Europe, VW and Bosch said.
The new company will provide battery production systems and help battery cell manufacturers expand and maintain their plants, VW said.
“Europe has only one chance to become the global power of batteries in the coming years,” said VW chief technology officer Thomas Schmall.
“We are working to build a complete, localized European supply chain for ‘mobility made’ in Europe,” said Schmall.
VW plans to have six battery cell factories in Europe by 2030, with a combined capacity of 240 gigawatts / hour, in an attempt to control as much of the supply chain as possible. The plan is a key step in VW’s quest to overtake Tesla and become the world’s best-selling electric vehicle.
A step forward towards a green future
The first two factories, one in Sweden and one in Germany, are due to start production in 2023 and 2025. The locations and start dates for the other four have not yet been revealed, although possible locations include Spain and Eastern Europe.
The Bosch-VW partnership will serve Europe’s battery cell factories, the statement said, which is growing in number amid pressure from the European Union to become less dependent on Asia for battery supply.
The companies did not say how much they will invest in this project.
So far, battery cell factories capable of generating just under 900 GWh of capacity have been announced in Europe, according to the European Battery Alliance, which is to account for about 16% of global production by 2029.
But the US has said that a third of global batteries should be produced in Europe by 2030 to reduce dependence on market-dominant suppliers, especially from South Korea and China.
The largest planned battery factory in Europe is Tesla, located in Berlin, next to its electric vehicle factory and which will produce over 100 GWh of peak capacity.