VW Weighs Battery Partnership With Panasonic, LG Chem
- Carmaker looks at making batteries at multiple locations
- Board said to discuss investing up to 2 billion euros per site
This article is for subscribers only.
Volkswagen AG is considering teaming up with electric-car battery specialists such as LG Chem Ltd. or Panasonic Corp. as it overhauls its strategy to emerge from the diesel-emissions scandal, according to people familiar with the matter.
The carmaker’s supervisory board also discussed investing 1.7 billion euros ($1.89 billion) to 2 billion euros per factory at several sites around the world, said the people, who asked not to be identified because the talks are confidential. Concrete decisions are expected by the end of the year, they said.