Volkswagen discusses battery cell subsidies scheme

Volkswagen on Monday stated it had expressed its motive to Germany’s Economy Ministry to take part in a state funding scheme aimed at supporting battery cell production for electric automobiles.

“Volkswagen group wants to take part in Economy Minister Altmaier’s initiative support the industrial production of mobile and static batteries,” the company stated.

Over 30 companies have looked forward into the program to support the production of battery cells, the Economy Ministry stated on Monday.

Interested companies consist of VW’s rival BMW as well as battery maker Varta.