saxony

Volkswagen to invest €1 billion in new battery cell production facility

Volkswagen is planning to move into the battery cell manufacturing market with an investment of €1 billion in a new production facility in Europe.

The automotive giant will set up the battery cell production facility in the Lower Saxony region of its native Germany.

The company is working with the local government to choose a suitable location for the factory complex, and is likely to partner with businesses from relevant sectors.

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‘Silicon Saxony’ aims to build platform for ‘next-generation’ automotive electronics and sensor technology

A consortium of seven technology networks with a total of 200 companies and research facilities have joined forces in the Federal State of Saxony, in Germany, with the objective of developing new sensor technology concepts and launching them on the market.

Spanning various industrial branches and technologies, the focus of the initiative will, for example, be on applications for self-driving passenger cars, lorries, buses, and trains, for the implementation of Industry 4.0 principles in mechanical engineering, and for medical engineering.

The consortium says Saxony is “unique throughout Europe”, and is an Innovation cluster for automotive electronics and sensor technology systems. [Read more…] about ‘Silicon Saxony’ aims to build platform for ‘next-generation’ automotive electronics and sensor technology