Volkswagen pushes battery partners to build Gigafactories
FILE PHOTO: A Volkswagen logo is seen on a new car model at the 89th Geneva International Motor Show in Geneva, Switzerland, March 5, 2019. REUTERS/Denis Balibouse
SHANGHAI (Reuters) – Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants which have at least one Gigawatt manufacturing capacity, Chief Executive Herbert Diess told Reuters.
“Anything below that amount would make little sense,” Diess said on the sidelines of the Shanghai Auto Show on Sunday.
Volkswagen will buy 50 billion euros ($56.57 billion) worth of battery…