Volkswagen plans to adopt new battery manufacturing technology to reduce the cost of electric vehicles and seek competitive advantage over Tesla

[Volkswagen plans to adopt new battery manufacturing technology to reduce the cost of electric vehicles to seek competitive advantage over Tesla] Der Spiegel of Germany reported on the 9th that Sebastian Wolf, chief operating officer of Volkswagen Battery Manufacturing subsidiary PowerCo, said in an interview that Volkswagen hopes to introduce the new dry coating process into large-scale production. This process can reduce energy consumption in battery production by 30%, and is expected to reduce the cost of each electric vehicle by hundreds of euros. Volkswagen hopes to gain an advantage over competitors such as Tesla. Wolf points out that the above process has been proved to be feasible in internal tests. Under the leadership of Thomas Schmall, the group's chief technology officer, Volkswagen decided to invest further in the process and install a test line in a laboratory near Salzgit, Lower Saxony, Germany, he said. Last July, Volkswagen broke ground on the Salzgit battery plant, and the company expects to invest about 2 billion euros in the battery plant by 2026 and plans to start production in 2025. Volkswagen said that so far, the cost of the project is about 40 million euros, but is likely to increase significantly in the future.