VW creates new company and enters global battery business

08 July 2022
VW officially broke the ground on its new battery factory in Germany where production will start in 2025. The responsibility for VW’s global battery business falls to a new company that will invest €20 billion in the area.

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Greg, 11 Jul 2022I like the comment about the cybertruck and the crown, as someone who invested in Tesla (And t... moreEvery day brings a new twist in Elon's saga, heck - every hour! For investors it must be infuriating for an individual to have power to move stocks up or down with just a few words. People shouldn't listen to him as much, focus on his actions more but then again... maybe not? VW is just one company of many that will catch up quickly and leave T behind, Elon got distracted. The tortoise and the hare story springs to mind ;)

I like the comment about the cybertruck and the crown, as someone who invested in Tesla (And took my money at a sweet spot, but could do better but I'm not that greedy) and it's my feeling too about the valuation and the company, Elon seems a little bit 'distracted' and those market/valuation manipulation or 'promoting' crypto through Twitter, not a fan. He needs to have some core value and some ethics. And I'm saying this as a 'fan' (In the past, started pre Tesla era perhaps) of him. Sadly, given how it has come now ...

Hope they made one in Slovakia too.
Volvo is currently going to make a production plant here for cars.
Lets see who else.

  • Kijoma

We're looking forward to gain from it