Much like the companies involved in the US Advanced Battery Consortium here in the United States, Volkswagen is teaming up with other German companies to develop lithium ion battery systems. VW is teaming up with such companies as Bosch, Degussa, BASF and others and the group will invest €360 million over the next few years in battery research. VW Research Head Dr. Juergen Leohold made the announcement at a meeting with German Education and Research Minister Dr. Annette Schavan earlier this week. It's also hoped that the German government will kick in an extra €60 million for the project.

[Source: Volkswagen]

Volkswagen advances development of lithium-ion batteries for cars

German industries join forces to develop a new generation of batteries

Wolfsburg, 05 December 2007 - German industries join their forces to develop high-performance batteries for stationary and mobile operation. Volkswagen is among the initiators of this alliance. The project was presented today during the Innovation Congress in Berlin with the theme "One Year of High-Tech Strategy - New Perspectives for Germany" initiated by the Federal Ministry for Education and Research. The alliance for innovation among the companies BASF, Bosch, Evonik Degussa, Li-Tec, STEAG Saar Energie and Volkswagen took the opportunity to suggest a common start on a lithium-ion initiative to the Federal Minister for Education and Research, Dr. Annette Schavan. The goal is to increase substantially the energy and performance density of the batteries and to accelerate the possible use in production.

Dr. Juergen Leohold, Head of Group Research at Volkswagen AG said, "In the future, there will be parallel use of various automotive drive systems, all the way to purely electric drive. A high-performance lithium-ion battery as the energy carrier will be a key technology. Therefore, it is sensible and necessary to combine the potentials for the research and development of this battery in an alliance for innovation. This way, synergies can be exploited and the development accelerated. For Volkswagen, this initiative is an important step on the way to zero-emission operation of vehicles."

Around 360 million euros will be invested in this project by the participating industrial partners in the coming years. It is planned that the Federal Ministry for Education and Research will support the initiative with an additional 60 million euros.

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