SALZGITTER, Germany: Volkswagen will manufacture electric car batteries and charging stations in its home region in Germany, as it prepares to mass produce electric vehicles and overhaul its components division, which makes engines and steering parts.
Volkswagen (VW) said on Friday it would invest 870 million euros ($985 million) by 2020 to developing e-vehicle components, adding the batteries business would manufacture battery cells and packs as well as overseeing recycling of old cells.
The German carmaker, which is headquartered in Wolfsburg, Lower Saxony, also said it would start producing mobile electric car charging stations at its nearby plant in Hannover, which currently makes engines and castings.
VW will bundle cells from electric car batteries into storage powerbanks that can be used to recharge up to 15 electric cars at a time and be transported to locations where power is needed, such as a stadium during a rock concert. — Reuters