Volkswagen seems to have taken a page out of Tesla’s book and is planning to hold an event similar to the EV giant’s “Battery Day.” VW has announced that it’s plan to hold an event that they are calling “Power Day,” where they will announce their plans to secure battery cell supply for future EVs.
One of the key factors in the success off the electric revolution, is battery cell supply. Tesla held its highly anticipated “Battery Day” last year where it used the time to unveiled its new in-house battery cell, as well as what the future holds for the automaker as far as future battery supply and producing its own battery cells.
With its recent announcement revealing its plans to ramp up production of electric vehicles, Volkswagen is expected to use its “Power Day” event to discus its plan to secure battery supply.
VW’s announcement to “ACCELERATE” its shift to electric cars came last week which revealed its plans to have 50% of its vehicles made up of all-electrics in US and China by 2030. Additionally, they would like to do 70% in Europe over the same course of time.
So far, VW has entered multi-billion dollar long-term battery supply contracts with existing battery manufacturers that are estimated to be for about 300 GWh of battery cells. Companies that Volkswagen currently has contracts with include Samsung SDI, LG Chem , SK Innovation, and CATL.
Furthermore, with the help of Northvolt and Quantamscape, Volkswagen will own some battery cell production capacity in the near future.
In addition to Power Day, Volkswagen CEO, Herbert Diess confirmed plans to build battery cells in Spain: “Our plans are bold: Conversion of Martorell into a fully electric car plant, local cell production in Spain, buildup of infrastructure for fast charging and green energy…
Volkswagen’s Power Day will be held on March 15 where more details should be announced.