In a bid to get ahead in the battle to command the biggest share of the market for electric vehicles (“EVs”), German carmaker Volkswagen has revealed a massive plan to expand its production of batteries.
On Monday, the company revealed that it was going to construct half a dozen gigafactories within the European region. By 2030, these gigafactories should have the production capacity to churn out a total of 240GWh each year. According to a spokesperson of the company, such capacity is sufficient to provide batteries for 4 million units of Volkswagen ID.3 vehicles. One of the first of these huge factories…
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