New company PowerCo to be responsible for VW Group batteries

Volkswagen Group on Thursday introduced the institution of the brand new firm PowerCo which shall be chargeable for the automaker’s international battery actions going ahead.

The announcement was marked with the beginning of development of VW Group’s first plant for battery cell manufacturing, situated in Salzgitter, Germany. Salzgitter is the place VW Group in 2019 opened a battery cell R&D heart.

“The battery cell enterprise is likely one of the cornerstones of our New Auto technique which can make Volkswagen a number one supplier of the sustainable, software-driven mobility of tomorrow,” Herbert Diess, VW Group’s CEO, stated in an announcement.

Artist’s impression of Volkswagen Group battery cell plant in Salzgitter, Germany

PowerCo shall be chargeable for actions alongside the whole battery worth chain, together with battery cell manufacturing at Salzgitter and different websites. PowerCo will make investments greater than 20 billion euros (roughly $20.25 billion) by 2030 and finally expects to generate that quantity in gross sales yearly.

The Salzgitter plant is scheduled to open in 2025. It’s going to have an annual capability of 40 gigawatt-hours, or sufficient for about about 500,000 electrical autos. By way of PowerCo, VW Group plans 5 extra battery cell crops in Europe and doubtlessly some in North America, in some instances with companions corresponding to Sweden’s Northvolt.

The following location has been confirmed as Valencia, Spain, near the place VW Group plans manufacturing of future subcompact EVs. The six European crops are anticipated to produce yearly 240 gwh, and these cells won’t solely be for automobile batteries but in addition vitality storage programs, together with for the vitality grid.

VW Salzgitter cell facility

VW Salzgitter cell facility

To assist cut back battery prices, VW Group’s New Auto technique requires using a standard cell that shall be utilized in roughly 80% of the automaker’s lineup. The automaker expects the frequent cell design to scale back battery prices by as a lot as 50%. Manufacturing of the frequent cells will start in 2025. VW Group stated prototypes are already delivering promising efficiency with respect to vary, charging and security.

There’ll nonetheless be distinctive cell designs for some purposes, like high-performance autos, which VW Group will develop with companions. On this regard, VW Group model Porsche is spearheading issues.

VW Group can be creating solid-state batteries, which the automaker estimates will increase vary by 30% in comparison with present liquid-state batteries of comparable dimension, and allow an 80% cost in round 12 minutes. VW Group expects to introduce its first solid-state batteries after 2025.

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