At Volkswagen’s press conference today, the CEO confirms it has written battery contracts for under 100 Euro per kWh.
Given all the ambiguities around the definition of battery cost, we should take such numbers, and resulting comparisons with other automakers, with many grains of salt.
That said, it seems like a very strong competitive step against the rest of the industry, including Tesla, to have entered into battery prices below 100 Euro per kWh.
Unlike Tesla, VW also doesn’t have to pay for a (Giga)factory as a form of overhead expense to a battery cell manufacturer.
In addition, VW also confirmed that the assembly line production of the Audi eTron in Brussels, Belgium, starts this summer.
