The number of power batteries purchased by the public doubled to 48 billion U.S. dollars

Volkswagen has signed an order for $48 billion worth of power cells, double the amount it advertised as a "$25 billion" purchase contract a few weeks ago, Volkswagen said at a recent meeting of shareholders.

In September 2017, Volkswagen launched an ambitious "Roadmap" electric strategy: By the end of 2022, Volkswagen will have 16 electric vehicle production bases worldwide. Volkswagen now has three major electric-vehicle production bases, and nine new plants will be in production in the next two years.

By 2025, VW plans to produce 3 million electric cars a year and launch 80 new electric models. This year, in addition to its existing lineup of eight pure electric and plug-in hybrid vehicles, the group will launch nine new models, including three pure electric vehicles, including Jianghuai Volkswagen's first pure electric SUV.

Volkswagen has established partnerships with battery makers to ensure adequate battery capacity to meet the increase in production of environmentally friendly electric vehicles. Just six weeks ago, Volkswagen revealed that it had signed up for $25 billion worth of batteries and parts for electric vehicles, and that the purchase of batteries was spread among three companies -- Samsung SDI, LG Chemical and Ningde Times.

At present, the amount of public power battery procurement contracts has reached 48 billion U.S. dollars, which is roughly equivalent to Tesla's current overall market value, which is twice that of the Volkswagen Group's plan a few weeks ago, which is enough to demonstrate the public's awareness and importance of vehicle electrification. Volkswagen's total purchase target is to reach 50 billion U.S. dollars, which will cover battery demand for new energy car production by 2025.

In terms of product planning, VW's new generation of electric car production will expand dramatically from next year and plans to launch new electric models every month. By 2020, a number of I.D. series electric vehicles will enter the market.

According to Reuters, VW is negotiating with Didi to form a joint venture that will create a massive fleet of 100,000 shared trips, 60,000 of which will be new energy vehicles.

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