volkswagen puts pressure on tesla with $25-billion investment in battery supplies - lithium ion battery cells
Volkswagen received 20 billion euros ($25 billion U. S. )
In the next few years, the battery supply will support the positive development of electric vehicles, which puts pressure on Tesla.
Because it struggles with the production problem of the mainstream model 3.
Volkswagen said in Berlin on Tuesday that the world's largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with only three.
The German manufacturer plans to produce up to 3 million cars a year by 2025, but an agreement with suppliers including Samsung SDI Co supports the plan. , LG Chem Ltd.
And contemporary amps Technology Co. , Ltd.
Batteries in Europe and China.
Volkswagen said that with the delivery of powerpack in the two largest markets guaranteed, transactions in the North American market will follow up soon.
Overall, Wolfsburg-
US-based automakers say they plan to buy about 50 billion euros of batteries as part of their electric vehicles
Including three new models in 2018, dozens of models followed.
Volkswagen's battery plan compared to Tesla's $17.
The purchase obligation worth 5 billion is mainly related to the purchase of lithium
According to a recent document, Panasonic's ion battery.
Volkswagen said the battery tender is one of the largest procurement plans in the automotive industry.
As of next year, 12-
Brand Group will launch new batteries-
Chief executive Matthias Mueller said at the company's annual press conference that electric vehicles were available "almost every month.
"This is the way we intend to provide the world's largest fleet of electric vehicles.
"Volkswagen's diesel pressure has increased, and it has to carry out a comprehensive reform of its lineup. Its diesel-
The cheating scandal that broke out in September 2015 sparked strong opposition to the technology, including a potential city driving ban.
Diesel is the key to trying to achieve more stringent environmental goals because of its fuel efficiency, although it will emit smoke-
Cause nitrogen oxide
The German carmaker reiterated its support for the technology, which Miller described as "part of the solution," even for Toyota.
Pull diesel vehicles out of their main market lineup in Europe.
Volkswagen shares fell 0.
6 to 158.
€ 64 as of 2: 39m.
In Frankfurt, the gains were reversed earlier in the day and the share price fell to 5 this year. 3 per cent.
As part of mass 20 billion
The euro entered the electric car and it built an independentalone sub-
Battery brand-
Power car.
The first model of I. D.
The nameplate will be the Neo hatchback that went on sale in 2020.
Audi luxury brand will start delivery later this yearelectric E-Tron SUV.
Even with the battery-
Buying deals for mass drive
The supply problem is far from over.
The company has been trying to find a source of cobalt, a key component of modern batteries, which it says is working on ways to reduce the elements needed for electric vehicles, even after the establishment of supply for its initial power supply, continued concerns were raisedcar rollout.
Making powerpack itself is not in the card.
"This is not one of our core competencies," Miller said . " He's under pressure from employees to invest in batteries. Cell production.
"Others can do better than us.
Zeng Yuqun, chairman of Chinese producer CATL, said a week ago that Miller confirmed today that CATL is one of Volkswagen's future battery suppliers, and that the company is considering opening its first overseas factory in Europe.
Even if it drives the development of electricity
Volkswagen plans to control spending to avoid penalties for stricter environmental regulations.
Expenditure on development declined.
9 to 13.
It was 1 billion euros in 2017, equivalent to 6.
Accounting for 7 of sales.
The company reiterated its goal of reducing this ratio to 6 by 2020.
Management technology transfer needs to remain profitable from the current lineup of Volkswagen.
Manufacturers forecast operating margins of 6 this year.
5% and 7.
5% of income, while 7.
In 2017, 4% per cent.
"Of course, we hope to continue our business success in 2018," Mueller said . ".
"The most important thing is that we have to generate the income we need for our huge future investment.