VWs

Standing between VW’s ID4 and profits: The battery

It’s a challenge faced by automakers as they transition into battery-electric vehicles: Current lithium ion batteries require large amounts of mined minerals, such as cobalt. And as global demand for those minerals increases with each newly introduced battery-electric or plug-in hybrid vehicle, so do the cost pressures.
While big-ticket luxury EVs should be able to absorb those costs, it will be more difficult for models closer to mainstream pricing such as the ID4, which starts at $41,190, including shipping, minus any tax incentives.

VW reports its U.S. sales quarterly, so the ID4’s 474 sales reported in the country so far

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Ford and VW’s Electric-Vehicle Race Gets Greenlit as Korean Battery Battle Ends

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Volkswagen’s ID.4 is set to begin production in the U.S. next year.


Ronny Hartmann / AFP via Getty Images


SK Innovation

and LG Energy, the energy arms of two of South Korea’s largest companies, have ended a dispute over battery technology.

The pair has reached a multibillion-dollar settlement that could have threatened a supply chain vital for

Ford

and

Volkswagen

to produce electric vehicles. The agreement also secures thousands of manufacturing jobs in Georgia and boosts domestic battery production, delivering political wins to President
Joe Biden.

Shares in

SK Innovation

climbed 12% in Monday trading while

LG Chem

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VW’s hopes of catching Tesla hinge on a $30 billion tech reboot

“This would be the ‘brain’ of the car, and we don’t want to give it to other parties,” CEO Diess told Bloomberg in November. “We see that probably as the most important race and decisive point for our industry in the next five to 10 years.”

In its latest five-year investment plan, the company doubled spending on digitalization efforts to 27 billion euros ($32 billion), even as the overall budget remained flat. While that represents significant resources, Google parent Alphabet spends almost that much in a year.

Sprawling effort

Infighting has dogged VW’s effort. Car.Software was initially envisioned as an

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VW’s electric car stacks up well against Tesla in UBS teardown

A teardown of Volkswagen AG’s first dedicated electric vehicle found it measures up favorably to Tesla Inc. models in several key aspects.

The deep dive into the ID.3 by UBS Group AG analysts found the platform underpinning VW’s EV models will be fully cost competitive with Tesla and boast best-in-class energy density and efficiency. Analysts led by Patrick Hummel called the car “the most credible EV effort by any legacy auto company so far.”

UBS’s assessment is the latest positive development for an EV that got off to a bumpy start last year. Production hiccups, software glitches and disruptions related

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