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VW electric car great promise LG Chem, Panasonic Battery partners Upgradable.
Volkswagen is considering building its own factory battery under a big commitment to electric cars.
The company aims for sales of more than 1 million electric cars within 10 years, potentially the greatest number of 3 million, with many of those destined for China.
This total includes not only sales of the main Volkswagen range but also other VW group brands such as Audi and Porsche.
To provide battery cells for all these cars, Volkswagen may build its own cell manufacturing plants and assembly of the battery, according to the German business daily Handelsblatt.
Non-executive supervisory board of VW would have considered the plan before the annual meeting of the company on June 22 a decision is expected before the end of the year.
EDITOR'S NOTE This story was published June 1, 2016 We have updated to reflect the most recent reports by Bloomberg cellular partners of the potential battery for Volkswagen.
The battery factory already has the support is clear from the Volkswagen works council and the German state of Lower Saxony, its largest shareholder.
Lower Saxony would also be the likely location of a battery factory at a cost of 1 from 7000 to 2000 million euros1 9000 to 2000 million 2 The total level of several plants could cost 10 billion 11 2 billion.
The possibility of such batteries Volkswagen plant in Germany was reported by the German business newspaper Handelsblatt.
More U K factory to assemble the larger battery packs for the upcoming Nissan Leaf.
To reach its goal of 1 million units, VW probably will count heavily on the platform for compact SEM electric cars announced last year.
The company also announced an electric version of the upcoming luxury sedan Volkswagen Phaeton, as well as production versions of the e-Tron Quattro SUV Audi and Porsche Mission E sedan concepts These luxury models will probably sell a little low volumes however.
In addition to providing greater volumes of electric cars, the goal of owning factories battery would informally to help VW operate independently of vendors such as Panasonic, Samsung and LG Chem.
The two South Korean companies have already committed to supply battery cells for electric SUV Audi, which is due in 2018.
They would be among the contenders to provide cell manufacturing technology and manufacturing for future VW plants.
Tesla works closely with Panasonic on its gigafactory massive battery in Nevada, with the Japanese company providing technical knowledge and funds.
General Motors engaged in a major partnership with LG where the Korean company has developed numerous components for Chevrolet Bolt EV electric car firm Detroit.
Other companies find no problem with buying suppliers of battery cells.
Daimler recently announced plans to triple production capacity for battery packs to its subsidiary Deutsche Accumotive battery.
The company will spend 500 million 550 million over a second battery plant that will produce packs with cells manufactured by South Korean suppliers.
Daimler has closed its cellular subsidiary Li-Tec last year, saying simply wasn t economical to manufacture cells in Germany itself.
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