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Volkswagen exploring possibilities to set up Li-Ion cell Gigafactory in North America.

Volkswagen Group recently started the construction of its first cell factory in Germany.

A few days ago, Volkswagen launched its new battery company PowerCo. From cell production to the entire battery value chain, PowerCo will manage Volkswagen’s global battery business.

Volkswagen started the construction of its first cell factory in Salzgitter, Germany. Volkswagen said that it would set up its second cell factory in Valencia, Spain, and is looking for sites in Europe to establish three more cell factories.

Volkswagen is also planning to set up a Gigafactory in North America.

PowerCo is already exploring the possibility of further Li-Ion cell gigafactories in North America, said Volkswagen in a press release.

In March this year, Volkswagen also revealed its plan for the EV market in the US. It wants to launch more than 25 new electric models in the USA by 2030 and achieve an electric vehicle share of 55% of its US vehicle sales.

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