VW: Auto Industry Needs 40 Giga Factories by 2025
July 10th, 2017Via: Automotive News Europe:
A massive shortage of lithium ion battery cells could plague the global car industry in the coming decade if capacity equivalent to 40 Tesla gigafactories is not added by 2025, according to estimates from Volkswagen Group.
Ulrich Eichhorn, head of r&d for the world’s largest carmaker, increased projections made just 13 months ago for his company’s needs in 2025. Eichhorn’s forecast is based on targets that a quarter of its group volume will come from the sale of electric vehicles by then.
“We will need more than 200 gigawatt-hours,” Eichhorn told reporters on June 30 during a presentation here at the group’s otherwise highly secretive proving ground a half hour drive north of Wolfsburg.
