The German giant in order to achieve the further development and the most massive production of the necessary for the lithium-ion battery vehicles launched an innovative technological pilot line of construction in the Salzgitter of Germany.
According to Volkswagen, this investment will bring 1,000 new jobs by 2023-2024 to Salzgitter, of which 300 will result from the testing and production of batteries, while 700 still from its consortium with the Swedish Northvolt that provides the erection and operation in the area of a battery factory within the same period.
The amount that Volkswagen will invest in its related actions will exceed EUR 1 billion. In the first phase 100 million euros will be given to acquire know-how in the development and production of 16 gigawatt batteries, while approximately 900 m euros are destined for the factory mentioned above, the erection of which will start in 2020.
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