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volkswagen bets big on electric with $25 billion battery bonanza

volkswagen bets big on electric with $25 billion battery bonanza Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



volkswagen bets big on electric with $25 billion battery bonanza

share this storycome with us and explore the i.d. buzz concept. video shot and edited by jennifer hahn.jennifer hahnafter seriously tarnishing its reputation with the diesel scandal, volkswagen group has changed strategy. as we reported last september, the company is now committed to electrifying all of its brands by 2030, with 30 new plug-in hybrids and 50 new battery electric vehicles due by that date. on tuesday, the company revealed a crucial part of that plan, called roadmap e, by locking up a $25 billion supply of batteries.this isn't one single deal. rather, vw group has contracted with suppliers including samsung and lg chem, among others. and it's not the end of the story. vw group says this is just to line up batteries for vehic...