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Volkswagen: Difference between revisions
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=== PowerCo === | === PowerCo === | ||
Thomas Schmall, Volkswagen's board member in charge of Technology said that its PowerCo will invest in mines to lower the cost of battery sales, meet half of its demand and also sell to third party customers. PowerCo's first customer will be Ford, which is building 1.2 million vehicles in Europe based on Volkswagen's electric MEB platform. It plans to generate 20 billion euros ($21.22 billion) in revenue by 2030. This could be a great move given that 40% of EV costs come from the battery.<ref>https://www.reuters.com/business/autos-transportation/volkswagen-invest-mines-bid-become-global-battery-supplier-2023-03-17/</ref> | Thomas Schmall, Volkswagen's board member in charge of Technology said that its PowerCo will invest in mines to lower the cost of battery sales, meet half of its demand and also sell to third party customers. PowerCo's first customer will be Ford, which is building 1.2 million vehicles in Europe based on Volkswagen's electric MEB platform. It plans to generate 20 billion euros ($21.22 billion) in revenue by 2030. This could be a great move given that 40% of EV costs come from the battery.<ref>https://www.reuters.com/business/autos-transportation/volkswagen-invest-mines-bid-become-global-battery-supplier-2023-03-17/</ref> | ||
=== Scout === | |||
March 21, 2023. Scout wins $1.29 billion in state incentives for South Carolina Factory. The factory also stands to receive $180 million in job development tax credits. Scout hopes to produce 200,000 vehicles from the factory annually. But production will likely start at the end of 2026<ref>https://www.reuters.com/business/autos-transportation/volkswagens-scout-unit-wins-13-bln-incentives-south-carolina-factory-2023-03-20/</ref>. | |||
==References== | ==References== | ||
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