The German auto-making giant laid out updated EV ambitions over the past couple of days, at an investor event and a shareholder meeting.
(ticker: VOW.Germany) has always had big EV goals, but the company is doubling down on an all-electric personal transportation future.
In particular, the company announced plans to build six gigafactories by 2030. A gigafactory has become industry jargon for a battery plant, thanks to
(TSLA). Gigafactory is what Tesla called its huge Nevada battery facility built with
Volkswagen’s battery plants should have the capacity to manufacture 240 gigawatt hours of batteries each year. Giga is short for a billion, but what investors need to know is that that level of