Batteries for electric cars – level 1
23-03-2023 07:00
Volkswagen is the biggest carmaker in Europe. The company plans to invest in mines.
Volkswagen wants to control the supply chain. These days, carmakers do not want to depend on parts or materials from other companies. Soon, carmakers will make only electric cars. They will need raw materials for batteries. The problem is that mines do not produce enough materials. If carmakers control the mines, the situation will be easier for them.
Volkswagen wants to build battery plants in Europe and North America. It will send batteries to other carmakers.
Difficult words: mine (a place where people get coal or other materials from the ground), supply chain (all people and companies who make one product and get it to customers), plant (a factory).
You can watch the original video in the Level 3 section.
What risks may Volkswagen face by investing in mines and building battery plants?
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