VW wants to produce battery cells

According to Opel VW is the second German automaker to the battery cells. The Volkswagen wants to invest-group just under a billion euros. In addition, the auto manufacturer plans to bring its Truck division, Traton before the summer break at the stock exchange. the

The Volkswagen group wants to get in on Germany in the production of battery cells. In addition, the auto manufacturer plans to bring the Truck division, Traton this year before the summer break in the stock market. Both projects have decided to the management Board with the consent of the Supervisory Board, informed VW on Monday evening.

With this decision, the policy has long called for battery cell manufacturing is taking now. VW is the second German car maker, the battery to produce cells. A few days ago already, the French Peugeot group had with its German subsidiary Opel the contract for a French -, German cell production: You'll the consortium, created with the French battery manufacturer Saft, up to 1.2 billion euros of public money, said the governments of both countries. Also, the VW-cell production is made dependent on state support. "I am confident that the battery-cell place of production in Germany at competitive conditions," said lower Saxony's Prime Minister Stephan Weil, who is also the Supervisory Board at VW. This is meant to be Heard: The factory should be exempt from the EEG apportionment, i.e. the price of Electricity by the state to be reduced. At the same time, it must be ensured that especially for the drying of the cells required electricity will come from renewable sources.

VW wants to just invest a billion euros. Who is the Partner for the project, left the group on Monday evening. The battery cell production is considered to be expensive effort, is associated with high investment costs. The entry in the cell production for quite some time is also a requirement of the workers at VW, which intends to compensate for the loss of importance of the gas production. In Salzgitter, VW is building the engines.

Volkswagen's Truck division with the art-name Traton consists of the VW subsidiaries MAN and Scania, as well as the Brazilian commercial vehicle subsidiary of the group. VW could bring earlier media reports said up to a quarter of Traton listed on the stock exchange of around six billion euros in revenues. Traton may be considered a European Champion. His emergence is the work of former VW Patriarch Ferdinand Piëch. His goal was to forge a big Truck and Buskonzern. VW had considered a longer time to bring Traton to the stock exchange. Two months ago, plans had been blown off but because of the unfavorable situation on the stock exchanges. This Reservation, VW, applicable.