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Volkswagen Is Copying The Tesla Playbook
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Volkswagen has something called Power Day coming up on Monday, which might remind you of a certain other automaker’s event last September, which was called Battery Day. According to a new report, the events will be probably similar, in that Volkswagen is set to announce plans of a massive expansion of its battery supply.
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Reuters reports that Volkswagen plans to source 300 gigawatt hours of battery cells every year by the time that the expansion is complete, in 2030. To put that in context, Volkswagen thinks demand will be up to 150 gigawatt hours by 2025.
South Korean battery maker SK Innovation’s “destruction of evidence” in a trade secrets dispute with rival LG Chem was “extraordinary”, the US International Trade Commission said yesterday, March 4.