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VW to ramp up battery production with six ‘gigafactories’ in Europe

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A VW employee works on an ID.3 electric vehicle at a facility in Dresden, Germany, on January 29, 2021.

Matthias Rietschel | picture alliance | Getty Images

Volkswagen is looking to ramp up battery cell production for electric vehicles in the coming years, with the German car giant announcing Monday that it was aiming to establish several “gigafactories” in Europe by the end of the decade.

“Together with partners, we want to have a total of six cell factories up and running in Europe by 2030,” Thomas Schmall, who is CEO of Volkswagen Group Components, said in a statement. This move, he added, would guarantee “security of supply.”

According to VW it’s expected that, once fully up and running,…



Source cnbc.com

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