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Volkswagen, Bosch’s partner for industrial production of EV battery cells

Volkswagen and Bosch have signed a Memorandum of Understanding to form a project unit to explore the possibilities of industrial-scale solutions for battery production in Europe.

Via Automatic table HT
Update on:
January 22, 2022, 04:21 ONLY

Image files are used for representation.  (Bloomberg)
Image files are used for representation. (Bloomberg)

Volkswagen and Bosch signed a memorandum of understanding (MoU) as the companies aim to industrialize the battery cell manufacturing process. Through it, the companies are planning to set up a project unit to explore the possibilities of industrial-scale solutions for battery production in Europe.

Both plan to provide integrated battery manufacturing systems along with on-site maintenance and upgrade support to battery cell and system manufacturers as well as the entire range of processes and components required. required for large-scale battery and system production.

(Also read | Book orders for the all-new Volkswagen Multivan now open in the UK)

Brands are aiming to mass produce sustainable batteries and the latest technology. By following a local manufacturing approach, the move is also a step towards achieving carbon neutrality. Volkswagen also claims that the partnership will also help the automaker advance its goals for electric mobility.

Thomas Schmall, Volkswagen Group Board Member for Technology, says there is strong growing demand for all areas of battery production, including new gigafactories. “Volkswagen and Bosch will explore opportunities to grow and shape this novel billion-euro industry in Europe. Our decision to actively participate in the vertical integration of the battery manufacturing value chain will exploit significant new sources of profit. The goal of establishing a fully localized European supply chain for e-mobiles made in Europe certainly marks a rare opportunity in the history of business, Schmall adds.

(Also read | Volkswagen Amarok 2023 teases again, shows off-road capabilities)

Rolf Najork, Board Member, Robert Bosch GmbH said the company knows how battery technology works and how to manufacture it. “With over 135 years of automotive experience and our proven industrialization expertise, we wanted to serve the growing demand for batteries. He mentioned the European industry has the potential to be the technological engine for the ecological transformation of the economy.

Volkswagen and Bosch are jointly aiming to set up a new company by the end of 2022.

Date of first publication: January 22, 2022, 04:21 PM IST


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