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Volkswagen rebuilds Samsung's $56 billion battery purchase contract

via:博客园     time:2019/5/28 9:01:31     readed:404

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Tencent Technology News, May 28, according to foreign media reports, according to informed sources, Volkswagen AG (Volkswagen AG) is revising its contract with Samsung worth about 50 billion euros ($ 56 billion) battery purchase contract, for reasons Samsung SDI, a Samsung battery subsidiary that has reached a battery supply contract, may be disintegrated.

People familiar with the matter said that Samsung initially agreed to deliver batteries at slightly more than 20 billion watt-hours, enough to provide 100 kWh of battery packs for 200,000 cars. However, during the detailed negotiations, there was disagreement between Volkswagen and Samsung on production and schedule. . They say that the stalemate can only guarantee that Samsung supplies less than 5 billion watt-hours of batteries.

With capacity constraints, supply bottlenecks and limited supply of raw materials, a large number of batteries that power more and more electric vehicles have become a new battleground for global automakers. Producing batteries that can be safely used in cars is much more complicated than the technology used in consumer electronics such as smartphones.

Arndt Ellinghorst, an analyst at Evercore ISI, said: “Volkswagen ultimately needs 300 billion watt-hours of battery supply per year. Without a strong global multi-source contract, this would be an impossible goal. It is one thing to talk about electric vehicle sales, and building the necessary value chain remains a major challenge. ”

Volkswagen is investing 30 billion euros to launch a series of new pure battery-powered vehicles, challenging the electric vehicle industry leader Tesla, which is the biggest thrust in the electric vehicle field. Volkswagen's electric ID3 hatchback will begin off assembly line later this year.

Volkswagen said in an email statement: "Samsung continues to be our European battery supplier. ” Samsung declined to comment.

Due to concerns about demand and profitability, Tesla last month accused its battery supplier, Panasonic, of being the chief culprit for the low-volume Model 3 production that could not be improved.

Earlier this month, Volkswagen outlined a project to build a battery plant in Germany with the Swedish startup Northvolt AB, which cost nearly 1 billion euros and has a capacity of 10 billion watt-hours. Volkswagen plans to make a final decision later this year.

Volkswagen's electricity demand in the next decade has exceeded 300 billion watt-hours in Europe and Asia alone, exceeding current market capacity. Volkswagen has selected companies such as LG Chem, Samsung and SK Innovation as European battery suppliers and cooperates with Hyundai Ampere to supply China. Since then, Volkswagen has also listed SK Innovation as a North American partner since 2020.

The huge investment required to increase battery capacity has sparked fierce competition, and LG Chem's lawsuit against SK Innovation in the United States for allegedly stealing secrets highlights this. The latter denied the existence of misconduct. (Tencent Technology Review / Jinlu)

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