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SALZGITTER, Germany—Lots of the world’s conventional auto makers are racing to develop their very own batteries for electrical automobiles, embracing a method that helped flip Tesla Inc. into the market’s largest participant.
Volkswagen AG’s yearslong effort exhibits the challenges.
Analysts forecast that the German large, already one of many world’s two largest auto makers by gross sales, might be its largest EV maker as quickly as subsequent yr.
Making an economical battery, although, is essential as to if the push makes Volkswagen any cash.
VW unveiled its first battery manufacturing plans in 2019. Business analysts say the corporate is additional alongside than most of its old-auto friends in growing an in-house battery capability, nevertheless it initially underestimated the dimensions and complexity of the duty, in accordance with firm executives.