VW Warms To The Idea Of Building Battery Factory

Volkswagen is reportedly examining a plan to build its own battery factory as it looks to release an onslaught of electric vehicles in the coming years.

In September, the company denied such reports, with chief executive Matthias Muller slamming the idea as “extremely expensive”. Fast forward two months and his tune has changed entirely.

Speaking to German publication Frankfurter Allgeneine Soontagszeitung, as reported by Reuters, Muller said: “If more than a quarter of our cars are to be electric vehicles in the foreseeable future, then we are going to need approximately three million batteries a year. Then it makes sense to build our own factory.”

In late September, the German company revealed its I.D. Concept as a preview of its first brand new all-electric model and the first in its future range of EVs where it hopes to sell 3 million units annually by 2025.

As evidenced by Tesla’s battery gigafactory, producing batteries in-house and in high-numbers can be an effective way of saving money over sourcing batteries from outside suppliers.


Hyundai RM19 Midship Prototype Is A Sign Of Things To Come

Hyundai’s mid-engined sports car could arrive within three to four years.

Arizona Governor Joins Lucid Motors At Site Of Arizona Factory

The Lucid Motors factory will generate $32 billion in revenue over the next 20 years.

315 Mile Mercedes-Benz SLR McLaren Stirling Moss Desperately Needs Someone To Drive It

This Mercedes-Benz SLR McLaren Stirling Moss has a cool $2.55 million asking price.

Porsche Exclusive Creates Subtle Cayenne Turbo S E-Hybrid Coupe

The Porsche Cayenne Coupe in question looks subtle with its Quarzite Gray Metallic paint.

This Guy 3D-Printed His Own Tesla Cybertruck Scale Model And You Can Too

All it takes is 15 hours of work and plenty of patience, but the final result is impressive.

FCA-UAW Contract Reveals Durango Hybrid, Ram TRX Launch Date And Lots Of New Jeeps

The contract also calls for fresh models based on the Jeep Cherokee’s platform.

Buick Regal’s Demise Tipped To Kill Australia’s Holden Commodore Too

Holden has sold just 5,400 Commodores this year, which is a far cry from its illustrious past.

VW Teases Nivus Crossover Coupe For South America, Will Eventually Come To Europe

The model promises to be one of the first mainstream crossover coupes.

2021 Toyota Sienna Grows In Size As It Prepares To Battle The Chrysler Pacifica

Toyota isn’t giving up on the minivan as an all-new Sienna has been spotted in Michigan.

Billionaire Lawrence Stroll Reportedly Leading Aston Martin Takeover Bid

A low stock price and a bright future could make Aston Martin a target for investors.