7 Big Electric Vehicle Announcements from Volkswagen Today

Credit to Author: Zachary Shahan| Date: Mon, 15 Mar 2021 15:37:07 +0000

Volkswagen had a live “Power Day” event today. I’m not going to rate the acting and script reading (you can thank me later), but I do want to highlight some of the big announcements. 1. Volkswagen expects to cut its battery costs by 30–50% (timeframe unclear) It seems this is a general target to cut […]

Read more

Breaking: Volkswagen Orders $14 Billion of Battery Cells from Northvolt

Credit to Author: Zachary Shahan| Date: Mon, 15 Mar 2021 13:58:35 +0000

As part of Volkswagen’s Power Day (live right now), news came out that Volkswagen Group has put in an order for $14 billion worth of battery cells from Northvolt, which will be supplied via Northvolt’s Swedish battery factory, Northvolt Ett. Notably, the $14 billion order is for the coming 10 years and requires expansion of […]

Read more

Northvolt: $3 Billion For 2 Battery Gigafactories In Europe

Credit to Author: Zachary Shahan| Date: Thu, 06 Aug 2020 22:26:28 +0000

Northvolt just raised another $1.6 billion in debt, bringing total debt and equity raised to $3 billion. We recently interview Northvolt CEO Peter Carlsson about Northvolt’s history and plans, giving much more insight and depth to what Northvolt’s plans are with that $3 billion

Read more

Volkswagen ID.3 Wins Design Awards & Volkswagen Battery Plans Slowly Progress

Credit to Author: Zachary Shahan| Date: Tue, 26 May 2020 03:47:37 +0000

The Volkswagen ID lineup, led by the ID.3, has been getting a good deal of attention outside of EV world and all across the auto industry, including winning several recent design awards

Read more