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solong

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solong

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Thursday, 01/11/2024 11:14:58 AM

Thursday, January 11, 2024 11:14:58 AM

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VW manufacturing: the one thing that had been a small concern was where the company would find a partner to handle the manufacturing step. When I saw VWs plans to utilize their proprietary battery architecture (PowerCo) It means they will deal with everything in-house; "Volkswagen’s unified cell concept developed by PowerCo is also suitable for the use of solid-state cell technology."

I've seen Panasonic (partner in batteries with Tesla) announce plans to spend $4bn for it's new plant in Kansas. As far as cash goes, I looked up VWs Financial statement and as of September 2023 they had "$75bn in cash and cash equivalents". Having those assets eliminates yet another hurdle in getting this to market.

GL2A

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