2009 Volkswagen E-Up! Concept
While the specifics are still under a cloud of mystery, our partner site AllCarsElectric.com reports that the joint venture will provide VW with access to advanced vehicle technology. Additionally, VW reportedly says that the intention of this project is to focus on the “research and development of highly advanced li-ion technology that is also cost competitive”.
This isn’t the first deal VW has made with suppliers of battery technologies. The company also has similar deals with Toshiba, Sanyo, and BYD. So it will comes as no surprise that the German government still has to approve the joint venture between VW and Varta Microbattery. Until then, VW appears to be gearing up to jump into the EV market at an electrifying rate.
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