Electromobility: VW is applying for research funding for e-car batteries

Volkswagen

The Wolfsburg car manufacturer is currently pushing the entry into the electric mobility.

(Photo: AP)

HamburgVolkswagen is also committed to building a production of battery cells for electric cars government support, The company is interested in the Research funding at the Federal Ministry for Economic Affairs and Energy announced the Wolfsburg car manufacturer on Monday and added, “The Volkswagen Group would like to participate in the initiative of Federal Minister Altmaier to promote the industrial production of mobile and stationary batteries. “Details did not call the company.

Volkswagen is pushing ahead with electromobility currently in order to meet the stricter EU climate The group wants to ramp up the production of battery-powered vehicles by 2025 to three million units a year. The Group has already signed agreements with several suppliers from South Korea and China for the supply of the necessary battery cells, but is also considering its own cell production.

The Federal Government has announced a start-up funding of a total of one billion euros in order to build a battery cell production in Germany to initiate. According to Federal Minister of Economics Peter Altmaier (CDU), more than 30 companies have applied for a grant.

Those interested came from the entire value chain: from automobile manufacturers and suppliers to battery manufacturers, chemical companies to raw material and recycling companies, also with the support of research institutes. The submitted projects would now be examined, as well as the formation of consortia.

The battery manufacturer Varta has already stated that he is applying for funding. BMW stated that they have submitted applications for research funding. The aim of the policy is to counterbalance German manufacturers to cell manufacturers from Asia such as CATL from China, SK Innovation and LG Chem from South Korea or Panasonic from Japan.

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