Its official news that Volkswagen orders $64 billion worth of electric car batteries, sending warning waves to EV competitors. Volkswagen is one of the leading car manufacturers in the world know for its luxurious features and futuristic technology. Recently, Volkswagen entered into EV market with E-Golf electric car.
Volkswagen Orders $64 billion electric car batteries
The Volkswagen Group showed its anticipated order for lithium-ion batteries to €30 billion ($64 billion). These batteries will be used by Volkswagen and its various brands to take a lead in the electric vehicle segment.
Report from Bloomberg, the new CEO of Volkswagen, Herbert Diess told the company’s annual general meeting last week, the Volkswagen Group expects to sell around 3 million pure electric vehicles per year by 2025.
In order to sustain in the electric vehicles market, every EV manufacturer should come up with unique ideas. So, Volkswagen comes with the electric battery concept. This new step will definitely boost the market growth of Volkswagen.