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Volkswagen, Bosch team up to equip battery cell gigafactories

BERLIN (Reuters) - Volkswagen (DE:VOWG_p) and Bosch have signed a deal to set up a joint venture by the end of this year to equip battery cell factories and help make Europe...
Volkswagen, Bosch team up to equip battery cell gigafactories © Reuters. FILE PHOTO: A Volkswagen logo is seen as it launches its ID.6 and ID.6 CROZZ SUV at a world premiere ahead of the Shanghai Auto Show, in Shanghai, China April 18, 2021. REUTERS/Aly Song/File Photo

BERLIN (Reuters) - Volkswagen (DE:VOWG_p) and Bosch have signed a deal to set up a joint venture by the end of this year to equip battery cell factories and help make Europe self-sufficient in battery production, Volkswagen said on Tuesday.

The venture would deliver battery production systems as well as assisting battery cell manufacturers in scaling up and maintaining their production sites, Volkswagen said in a statement.

"Europe has a one-time chance to become the global powerhouse for batteries in coming years," Volkswagen board member Thomas Schmall, who is responsible for VW's battery plans, said.

"We are working to build a complete, localised, European supply chain for 'made in Europe' e-mobility."

Volkswagen plans on building a total of six so-called gigafactories, producing the cells which make up battery packs in Europe by the end of the decade, a key step in its bid to outdo Tesla (NASDAQ:TSLA) and become the world's top seller of electric vehicles.

The first two plants, one in Sweden and one in Germany, are set to begin production in 2023 and 2025. Locations and start dates for the remaining four have not yet be disclosed, though possible locations include Spain and eastern Europe.

Still, the Bosch-Volkswagen joint venture would serve battery cell plants across Europe, the statement said, which are multiplying in number amid pressure from the European Union to become less dependent on Asia for battery supply.

German newspaper Handelsblatt reported in December that the two companies were also nearing an agreement to cooperate on automotive software, with Volkswagen planning to invest a triple-digit million euro amount. The companies declined to comment.

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27-05-2022 10:13:26 (UTC+7)

EUR/USD

1.0760

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EUR/USD

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 EUR/USD1.0760↑ Buy
 GBP/USD1.2657Neutral
 USD/JPY126.79Buy
 AUD/USD0.7136Neutral
 USD/CAD1.2752Neutral
 EUR/JPY136.43↑ Buy
 EUR/CHF1.0302Buy
 Gold1,851.75↑ Buy
 Silver22.120↑ Sell
 Copper4.2980↑ Buy
 Crude Oil WTI114.12Neutral
 Brent Oil114.38↑ Buy
 Natural Gas8.827↑ Buy
 US Coffee C225.78↑ Sell
 Euro Stoxx 503,740.31Sell
 S&P 5004,057.84↑ Sell
 DAX14,231.29↑ Sell
 FTSE 1007,564.92↑ Sell
 Hang Seng20,683.00Buy
 Small Cap 20001,838.24Buy
 IBEX 358,888.80↑ Sell
 BASF50.790Neutral
 Bayer65.90↑ Buy
 Allianz198.80↑ Buy
 Adidas176.76↑ Buy
 Lufthansa6.850↑ Buy
 Siemens AG118.52↑ Buy
 Deutsche Bank AG10.414↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,830/ 6,940
(10/ 20) # 1,730
SJC HCM6,840/ 6,940
(10/ 10) # 1,729
SJC Hanoi6,840/ 6,942
(10/ 10) # 1,731
SJC Danang6,840/ 6,942
(10/ 10) # 1,731
SJC Nhatrang6,840/ 6,942
(10/ 10) # 1,731
SJC Cantho6,840/ 6,942
(10/ 10) # 1,731
Cập nhật 27-05-2022 10:13:29
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ↀ Giá vàng thế giới
$1,853.03-1.1-0.06%
Live 24 hour Gold Chart
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Sản phẩmVùng 1Vùng 2
RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
DO 0,001S-V26.35026.870
Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
WTI$113.09-0.1-0.09%
Brent$117.51-1.66-1.41%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.030,0023.340,00
EUR24.263,1125.622,23
GBP28.523,9629.740,84
JPY177,60188,03
KRW15,9119,38
Cập nhật lúc 10:08:25 27/05/2022
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