Volkswagen, partners to invest $20 bln in car battery business
Volkswagen, partners to invest $20 bln in car battery business
Thursday, July 7, 2022
SALZGITTER, Germany, July 7 (Reuters) - Volkswagen (VOWG_p.DE)and its partners will invest over 20 billion euros ($20.38 billion) in a battery cell business, creating 20,000 jobs and targetting annual sales above 20 billion euros by 2030 as it seeks to beat U.S. rival Tesla which leads in the growing market.
Read the full story here