Samsung supplies fewer batteries to Volkswagen

Volkswagen should tinker with its plan to invest 50 billion euros in batteries for electric cars. An expected supply agreement with Samsung is in question, which means that the German car giant can probably purchase fewer batteries from the South Korean technology group.

Samsung would initially supply 20 gigawatt hours of batteries. That amounts to 200,000 cars with fairly large batteries of 100 kilowatt hours. Bloomberg news agency now reports based on insiders that it became clear during negotiations that a total delivery of 5 gigawatt hours might be the maximum possible.

Volkswagen said in a statement that Samsung simply remains the battery supplier for Europe. Samsung did not want to respond.

Access to a large amount of battery capacity is of great importance for car builders. Volkswagen is trying to leave the diesel crisis behind and is now investing heavily in electric driving. The development of large quantities of safe batteries is another major bottleneck for the ambitions of car companies.

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