{"id":1092,"date":"2017-09-25T17:24:09","date_gmt":"2017-09-25T17:24:09","guid":{"rendered":"https:\/\/www.manganesexenergycorp.com\/vw-announces-84-billion-investment-in-electric-cars-batteries\/"},"modified":"2020-09-14T17:35:46","modified_gmt":"2020-09-14T17:35:46","slug":"vw-announces-84-billion-investment-in-electric-cars-batteries","status":"publish","type":"post","link":"https:\/\/www.manganesexenergycorp.com\/de\/vw-announces-84-billion-investment-in-electric-cars-batteries\/","title":{"rendered":"VW announces $84 billion investment in electric cars batteries"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<\/p>\n<h2>VW announces massive $84 billion investment in electric cars and batteries<\/h2>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Volkswagen updated its plans for electric cars with a complete overhaul of its investment strategy.<br \/>\nAfter announcing an initial investment of $10 billion in EVs earlier this year, which was still smaller than the German automaker\u2019s investments in gas-powered cars, they now promise to spend up to 70 billion euros (~$84 billion USD) in order to bring 300 electric vehicle models to market by 2030.<\/p>\n<p>More interestingly, most of the investment 50 billion euros (~$60 billion) will be in battery production in order to support their electric car ambitions for the next decade.<\/p>\n<p>Volkswagen CEO Matthias Mueller said to guests gathered at an event in Frankfurt today ahead of the launch of the annual motor show (via BBC):<br \/>\n\u201cA company like Volkswagen must lead, not follow. We have got the message and we will deliver. This is not some vague declaration of intent. It is a strong self-commitment which, from today, becomes the yardstick by which we measure our performance.\u201d<\/p>\n<p>Mueller has been a proponent of EVs within Volkswagen ever since he took the helms of the company following the Dieselgate Scandal, but he faced some internal backlash from the leadership.<br \/>\nA slide that leaked from a VW presentation about its upcoming electric vehicles showed that they have 4 new models coming under the VW brand within the next few years, but also several more under Audi, Porsche, and the automaker\u2019s other brands.<\/p>\n<p><strong>Electrek\u2019s Take<\/strong><\/p>\n<p>While it\u2019s still more talk than action, this move is significant because it would mean that the board has approved an investment schedule for electric vehicles and an investment of this size should get things going.<\/p>\n<p>It\u2019s also reassuring that they are taking battery supply seriously. We already got hints that it was coming when company officials said that they see a need for 40 Tesla Gigafactory-size battery factories by 2025 to support electric car production.<br \/>\nThe injection of 50 billion euros (~$60 billion) to support a battery supply chain for VW\u2019s electric cars should shake up the industry and prepare for a rapid expansion of battery production over the next few years.<\/p>\n<p>With announcements like this and the recent announcements of gas and diesel-powered car bans from the UK, France, and maybe soon China, I think it\u2019s becoming clear that EVs will move a lot quicker than most people expected.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8220;black&#8220;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<strong>About Manganese X Energy<\/strong><\/p>\n<p><em>Manganese\u2019s X mission is to acquire and advance high potential manganese mining prospects located in North America with the intent of supplying value added materials to the lithium ion battery and other alternative energy industries. In addition our company is striving to achieve new methodologies emanating from environmentally and geographically ethical and friendly green\/zero emissions technologies, while processing manganese at a lower competitive cost. <\/em><\/p>\n<p><em>For more information, visit the website at www.manganesexenergycorp.com.<\/em>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8220;black&#8220;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<strong>ON BEHALF OF THE BOARD OF DIRECTORS<\/strong><\/p>\n<p>Martin Kepman<br \/>\nCEO and Director<br \/>\nmartin@kepman.com<br \/>\n1-514-802-1814<\/p>\n<p><strong>Cautionary Note Regarding Forward-Looking Statements:<\/strong><\/p>\n<p><em>Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/em><\/p>\n<p><em>This news release contains &#8222;forward-looking information&#8220; including statements with respect to the future exploration performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company&#8217;s filing on SEDAR, which investors are encouraged to review prior to any transaction involving the securities of the Company. Forward-looking information contained herein is provided as of the date of this news release and the Company disclaims any obligation, other than as required by law, to update any forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not to place undue reliance on such forward-looking information. We seek safe harbor.<\/em>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text] VW announces massive $84 billion investment in electric cars and batteries [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Volkswagen updated its plans for electric cars with a complete overhaul of its investment strategy. After announcing an initial investment of $10 billion in EVs earlier this year, which was still smaller than the German automaker\u2019s investments in gas-powered cars, they now promise [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-post-de"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>VW announces $84 billion investment in electric cars batteries &#8211; Manganese X Energy Corp.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.manganesexenergycorp.com\/de\/vw-announces-84-billion-investment-in-electric-cars-batteries\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VW announces $84 billion investment in electric cars batteries &#8211; Manganese X Energy Corp.\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text] VW announces massive $84 billion investment in electric cars and batteries [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Volkswagen updated its plans for electric cars with a complete overhaul of its investment strategy. 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