VW says European battery cell factory plan could include JVs, IPOs

VW battery pack production Braunschweig — Production of battery systems for the ID3 and ID4 electric cars at VW's factory in Brunswick, Germany. As part of its EV push to catch Tesla, VW wants to make its own battery cells for these systems. (VW)

May 06, 2021 01:56 PM

FRANKFURT -- Volkswagen Group is looking for outside money to help its plan to build up to six battery cell factories in Europe by 2030, CEO Herbert Diess said, adding he was open to listing some of those activities on the stock exchange.

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