German automaker ''Volkswagen'' unveiled an electric sport utility vehicle concept to challenge Tesla Inc.’s Model X as part of the auto industry’s largest push into battery-powered vehicles.
VW Electric Vehicles in 2023
"Volkswagen" is retooling 16 factories to build electric vehicles and plans to start producing 33 different electric cars under the Skoda, Audi, VW and Seat brands by mid 2023.
Chief Executive Herbert Diess, reported that Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants which have at least one Gigawatt manufacturing capacity, according to SABC News.
Volkswagen
SKi firm is building a battery cell manufacturing plant in the United States to supply Volkswagen’s plant in Chattanooga, Tennessee.
Volkswagen will buy 50 billion euros worth of battery cells for electric cars and has identified South Korea’s SKI, LG Chem and Samsung SDI as strategic battery cell suppliers as well as China’s Contemporary Amperex Technology Co Ltd ''CATL''.
2021 Volkswagen
Reportedly, Volkswagen has planned to build a fully electric SUV from 2021 for China. The company is headquartered in Wolfsburg, Lower Saxony, Germany. It has 100 production facilities across 27 countries.
VW is counting on a growing SUV lineup to sustain profit and sales in the world’s biggest car market, expecting their share to double to at least 40 % of the group’s total deliveries in 2020.
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