VOLKSWAGEN

The group currently states that the new rooftop solar facility will be creating about 26.6 million kWh of green energy per year. The solar installment is in line with the 'goTOzero' mission of the Volkswagen Group.

Tesla's Powerwall, Powerback, as well as Megapack may utilize LFP batteries in future. Price in battery-grade lithium carbonate, utilized in LFP batteries, crossed $40,000/ tonne last month for the very first time.

Installment will take 22 months

This financial investment begins top of US$ 100 million invested in 2018. Equity capital and also corporate funding of brand-new power technologies proceeds regardless of-- or probably because of-- the pandemic.

Pure EVs had actually started to assert a climbing market share prior to coronavirus control actions annihilated sales last month. Also despite an 88% regular monthly fall in EV sales from March to April, nevertheless, tidy power versions got on much better than gasoline and also diesel sales.

Volkswagen is planning to make 1.5m of EVs in the year 2025. 1m of e-vehicles are expected to be sold before the end of 2023, which is 2 years ahead of the previously announced plan.

The Volkswagen group has hinted that it is searching for a charging robot for EV. These are mobile charging robots that will make electric vehicles autonomous.

Europe’s battery manufacturing capacity is on the cusp of dramatic growth, though much of the investment and know-how are coming from Asian companies.