Salzgitter, Germany - Volkswagen is set to start producing electric car batteries and charging stations as it prepares to mass produce electric vehicles and overhaul its components division, which makes engines and steering parts.
The company announced on Friday that it would invest 870 million euros (R13.5bn) by 2020 to developing electric car components, adding that its batteries business would manufacture battery cells and packs as well as oversee recycling of old cells.
VW also said it would start producing mobile electric car charging stations at its nearby plant in Hannover, which currently makes engines and castings.
The carmaker will bundle cells from electric car batteries into storage powerbanks that can be used to recharge up to 15 electric cars at a time and be transported to locations where power is needed, such as a stadium during a rock concert.
Customers will be able to find the mobile charging stations using an app on their smartphone, it said.