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It is exposed that Volkswagen is adjusting its $56 billion battery purchase plan for electric vehicles.

2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)05/28 Report--

Electric drive is not only a hot spot in the automotive industry in recent years, but also one of the development trends in the future. Both traditional automobile giants and emerging automobile manufacturers pay great attention to this aspect.

German carmaker Volkswagen has previously announced that it will expand electric vehicles to all its brands and plans to increase annual production of electric vehicles to 3 million by 2025. Volkswagen also announced a battery purchase plan worth about 50 billion euros ($56 billion under contract) last year to ensure a stable production of electric vehicles.

Recently, the battery procurement plan has made the latest progress. According to the latest reports from foreign media, Volkswagen is adjusting its battery procurement plan because of concerns about Samsung's insufficient supply. Samsung's battery manufacturer Samsung SDI may disintegrate, and Samsung's supply may also be affected at that time.

Samsung, one of the suppliers of Volkswagen's 50 billion-euro battery procurement program, initially agreed to provide the public with 20 gigawatts of electric car batteries, enough to allow Volkswagen to mass produce 200000 electric vehicles equipped with 100kwh battery packs. However, during the specific negotiations, Volkswagen and Samsung had different views on battery production and timetable, a stalemate that led Samsung to reduce the number of electric car batteries it promised to supply to Volkswagen to less than 5 gigawatts, according to sources.

We know that automakers need a stable battery supply to produce electric vehicles on a large scale. However, due to the limited battery capacity, unstable supply and limited raw materials, batteries have naturally become a major problem for global electric vehicle manufacturers. Volkswagen hopes to increase the annual production of electric vehicles to 3 million vehicles by 2025, which may be difficult to achieve without the support of several powerful battery suppliers.

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