Volkswagen Group unveiled a new strategy Monday to drive electrification across its model range and make sure it has access to the batteries needed to power its cars.
The new plan, named “Roadmap E,” calls for direct investments of more than 20 billion euros in technologies to put an electrified fleet on the road. Included are plans for two entirely new electric platforms, upgraded plants, a charging infrastructure and battery technology and production.
Volkswagen also said it had started a battery procurement project with a total order volume of more than 50 billion euros. That money would cover the costs of purchasing batteries for vehicles built on the company’s modular electrification toolkit (MEB).
The carmaker said the purchasing volume would only cover the first wave of electrification. Longer term, it said it is preparing for solid-state batteries, which it plans to develop with partners.
VW estimates it needs more than 150 gigawatt hours of lithium-ion battery capacity annually by 2025 for its electrified vehicles alone.
Speaking at a press event on the eve of the Frankfurt Auto Show, VW Group CEO Matthias Mueller stressed the car group’s resolve to embrace electrification. “This is not some vague declaration of intent. It is a strong self-commitment which, from today, becomes the yardstick by which we measure our performance,” he said.
“The transformation in our industry is unstoppable,” he added. “And we will lead that transformation.”