Volkswagen and BMW are investing billions of euros in a plant for the production of batteries for electric vehicles

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Volkswagen and BMW are investing billions of euros in a plant for the production of batteries for electric vehicles

Sales of electric cars in the world are gaining momentum, so the big automakers will require more lithium-ion batteries, but most of them comes from China and South Korea, and not always supplies stable, what makes the big players to look for replacement options.

One of these is the construction of its own plants for the production of lithium-ion batteries directly in Europe, so the two German auto giant Volkswagen and BMW decided to invest in a building a billion euros.

To build a factory for the production of battery packs will be the company Northvolt – one plant will be built in skellefteå (Sweden), then it is planned to build another huge factory in Lower Saxony (Germany).

The construction of a Swedish company will start in August, and in 2021 will start large-scale production of batteries. Initially, the plant will have capacity of 16 GW, which is slightly less than, for example, 1 Tesla Gigafactory produce 20 GW per year. But in the perspective of the Swedish power plant will be increased at least twice.

As for the German factory it will be built by the United efforts of Volkswagen and Northvolt, and will begin to produce lithium-ion batteries from late 2023 or early 2024.