Technology

Volkswagen announces $20 billion effort to build its own EV batteries


Volkswagen said it would invest $20.38 billion to build electric vehicle batteries, a move the company says will create 20,000 jobs and generate $20.38 billion in annual sales. The automaker will create a new company called Power Co to oversee the vast effort as VW races to secure enough capacity, …

Read more at www.theverge.com

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