Volkswagen has confirmed today that it will be investing $800 million in its factory in Chattanooga, Tennessee to prepare the location for production of new electric cars using the MEB platform. Dr. Herbert Diess, CEO of Volkswagen AG, made the announcement: “The US is one of the most important locations for us and producing electric cars in Chattanooga is a
German battery maker Varta has sealed a research agreement to lay the groundwork for mass production of lithium-ion battery cells for electric cars as it seeks to take on Asian leaders in the sector. Varta, which currently specializes in batteries for hearing aids and large storage systems for solar energy, has agreed a cooperation deal with Germany’s Fraunhofer Institute, a