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“The one size fits almost all cell design will radically reduce battery costs … by up to 50% compared to today,” CEO Herbert Diess said at Monday’s event. “Lower prices for batteries means more affordable cars, which makes electric vehicles more attractive for customers.”
Battery costs, which make up a large proportion of the total cost of an electric car, will be reduced gradually by up to 50% in entry level models and by up to 30% in standard models, Volkswagen said in a statement.
“E-mobility has become core business for us,” Diess said. The company’s new strategy would secure “a long-term pole position in the race for the best battery and best customer experience in the age of zero emission mobility,” he added.
The company’s battery offensive is being accompanied by a huge expansion of the fast-charging network.
Volkswagen is also expanding charging points in the United States and China. Electrify America, a subsidiary, is planning to have around 3,500 fast-charging points in North America by the end of the year. In China, Volkswagen is targeting a total of 17,000 fast-charging points by 2025.
From 2022,Volkswagen’s electric vehicles will also support technology that allows them to connect to private, commercial and public energy systems. “Electric vehicles will become mobile power banks,” Diess said.
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