The compan­y will buy $56.57 billio­n worth of batter­y cells for electr­ic carsSHANGHAI: Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants which have at least one Gigawatt manufacturing capacity, Chief Executive Herbert Diess told Reuters. The German automaker is retooling 16 factories to build electric vehicles and plans to start producing 33 different electric cars under the Skoda, Audi, VW and Seat brands by mid-2023. “We are considering an investment in a battery manufacturer in order to reinforce our electrification offensive and build up the necessary know-how,” Volkswagen said. SKI will supply lithium-ion battery cells for an electric car that Volkswagen plans to start making in Chattanooga in 2022. LG, Samsung and SKI on will also supply battery cells for Volkswagen in Europe.

Source: The Express Tribune April 15, 2019 06:55 UTC