Volkswagen to hold Power Day event next week

Taking a page out of Tesla’s playbook, Volkswagen has announced it will hold their own “Power Day” event next week to discuss the company’s battery plans.

The event was announced by VW CEO Herbert Diess on his new Twitter account. He clarified that no new cars will be announced during the event on March 15, 2021.

While details about the event are scarce, it is expected that VW will highlight their battery technology. They are also expected to discuss how they plan to secure enough battery cells to allow them to grow their battery electric vehicle (BEV) lineup.

Their current battery supplier in the U.S., SK Innovation (SKI), was recently handed 10 year ban as a result of a dispute with rival battery supplier LG Chem. To allow them time to find a new supplier, SKI was given a two-year grace period to continue importing components for VW.

Earlier this month the Germany automaker announced it was accelerating their shift to electrification. Calling it their “Accelerate Strategy”, VW expects 70% of their European sales will be electric by 2030.

They also hope to have 50% of their sales be electric in the US and China by 2030.

You can watch Power Day on March 15, 2021 at this link.

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