A conflict with supplier groups threatens the entry of the Volkswagen AG stock market chart show in the production of battery cells. The Wolfsburg-based carmaker plans to invest several billion euros in the construction of gigafactories together with Korean cell specialist SK Innovation, reports manager magazin. But the previous cell suppliers torpedoed the project, it is said in business circles.
According to plans, up to three gigafactories should be built in Germany, according to manager magazin. Locations near factories where electric cars will be manufactured in the future are being discussed. Originally, the Supervisory Board should adopt the billion-dollar project in December.
But the current cell suppliers see the entry of one of their largest customers in cell production with discomfort. In particular, LG Chem defy, it is said at Volkswagen. The Koreans threatened, under certain circumstances, no longer deliver when VW with SK Innovation into production. And that may be now. This is reported by managers who are familiar with the negotiations.
The whole story: VW's battery Gigafactories in Germany at risk
As early as 2025, Volkswagen plans to build up to three million electric cars per year. LG Chem will be the most important supplier of battery cells outside of China. The company commented that VW is an important customer, "independent of some rumors and other factors."