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Automakers hunt for battery cell capacity to deliver on bullish EV targets

VW will launch the production version of the I.D. concept, shown, in 2020. VW would need to spend 20 billion euros to build batteries in-house for all its planned EVs.
January 02, 2017 05:00 AM

Last February Daimler CEO Dieter Zetsche ruled out investing in battery-cell production for electrified powertrains because supply was already exceeding demand. "The dumbest thing we could do is to add to that overcapacity," he said.

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