VW wants European industry to back push for EV battery cells

Reuters News
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Posted: Sep 13, 2017 6:46 AM

FRANKFURT (Reuters) - Volkswagen <VOWG_p.DE> wants industrial players in Germany and Europe to help shoulder the costs for battery technology needed to power carmakers' electric-vehicle offerings, the head of its core autos division said.

Europe's largest automaker, its German rival Daimler <DAIGn.DE> and PSA Group <PEUP.PA> used the Frankfurt auto show this week to speed up their push for zero-emissions motoring.

Volkswagen (VW) will expand its planned roll-out of electric cars to 80 models by 2025 from 30 a year ago and said it would need four times the capacity of Tesla's <TSLA.O> "gigafactory" to supply their batteries.

"It would be desirable for the German and European industry to play a stronger role here," VW brand Chief Executive Herbert Diess said when asked about the prospects for battery-cell production.

(Reporting by Andreas Cremer and Jan Schwartz; Editing by Christoph Steitz)