Comment on As EV sales slump, Volkswagen scales back battery factories buildout

As EV sales slump, Volkswagen scales back battery factories buildout

Enlarge / A VW worker on the assembly line at Emden in Germany. (credit: Volkswagen) Volkswagen will wait to see what electric car demand is like before building out all six of its previously planned battery factories. Thomas Schmall, VW's board member in charge of technology, told a German newspaper that "building battery cell factories is not an end to itself" and that a goal of 200 GWh of lithium-ion cells by 2030 was not set in stone. It's a bit too simplistic to say that all new technologies conform to the now-infamous Gartner hype cycle, but it's hard not to think of that squiggly line when discussing EVs.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News