VW in its Power Day web presentation revealed its plans in the battery and charging infrastructure of electric vehicles by 2030. The German company has analysed its plans for battery production in Europe as well as the infrastructure it will develop to support electric vehicles.
The new plants are expected to produce batteries with a total energy capacity of 240 GWh per year by the time they are completed. The first two factories will operate in the town of Skellefteå in Sweden and in Salzgitter, Germany. Production of batteries is expected to start in 2023 where it can reach up to 40 GWh per year.
The factory currently operated by VW in Salzgitter will produce batteries for high-volume electric vehicles from 2025. New techniques and innovations will also be developed, reducing complexity, offering significant economies of scale. Both of these plants will be powered by energy from renewable energy sources.
At the same time, VW aims to gradually reduce the cost of batteries for the entry-level segment of the market by up to 50% and in the “high volume” segment by up to 30%. “We will use economies of scale for the benefit of our customers when it comes to batteries. On average, we will reduce the cost of batteries to 100 € per kilowatt hour. This will ultimately make electric mobility affordable and dominant,” says VW.
In infrastructure, the German company is expected to launch about 18,000 fast charging points by 2025 in Europe. These targets will be achieved through a series of strategic partnerships, in addition to those existing with the Ionity consortium. VW plans to invest around 400m euros in the European project by 2025, with further investments being borne by external partners.
The German company is also strongly active in the USA and China as it will expand its public fast charging network in these countries. In particular, Electrify America plans to install about 3,500 express charging points in North America by the end of the year, while in China the company aims to create 17,000 fast charging points by 2025.