German car manufacturer Volkswagen intends to implement a major project to create batteries for electric cars in Europe. This was announced by the CEO of Volkswagen AG Herbert Diess at the Munich Motor Show.
He noted that the company is well placed to lead the production of batteries for electric cars not only in Europe, but around the world. According to him, the profit that can be obtained from the production of batteries is very high.
He also said that Volkswagen has suppliers and partners who will help the company develop in the right direction.