ANS group -- Here is this week's Tidbits for you.
--Kim
---------- Forwarded message ---------
From: Joyce Segal <joyceck10@gmail.com>
Date: Sat, Jul 9, 2022 at 3:25 AM
Subject: Tidbits
To: Kim Cooper <kimc0240@gmail.com>
From: Joyce Segal <joyceck10@gmail.com>
Date: Sat, Jul 9, 2022 at 3:25 AM
Subject: Tidbits
To: Kim Cooper <kimc0240@gmail.com>
Volkswagen officially broke ground Thursday on what it's nicknaming SalzGiga—VW's battery factory at Salzgitter, Germany, that will serve as a hub for global battery activities and vertical integration of the battery supply chain.
With that, VW also formalized the name of the separate startup, called PowerCo, that will set up and oversee these factories.
Salzgitter will be a blueprint and starting point for what VW terms a "globally battery offensive," including six cell factories in Europe plus "the prospect of further factories in North America in the near future."
This facility alone will support more than 20,000 "future-proof" jobs, according to VW, and will be supported by a supplier park. Salzgitter will ramp up to 40 GWh of capacity—enough for about 500,000 EVs—while PowerCo's plan for Europe includes six additional factories and a total capacity of 240 GWh by 2030.
SalzGiga will produce VW's new prismatic unified cell format—revealed at VW Power Day in March 2021—that will eventually be installed in 80% of the EVs from the VW Group by the end of the decade. It will be used starting in 2025. With the Power Day announcement, VW pivoted to viewing battery cells rather than the pack itself as a core competency, aiming for a Cell2Pack strategy in which cells are placed directly in the pack instead of being grouped into modules.
Gas prices:
Gasoline prices are an unbeatable $0.084 per gallon in Venezuela, the country that boasts the biggest oil reserves in the world. Nationalization. Venezuela's Central Bank Friday reported April's inflation had reached 4.4% in April, according to the National Statistics Institute (INE). The new figures were significantly higher than the National Consumer Price Index (INPC) recorded in March but still notoriously better than 24.% from April 2021.
With Friday's data, the accumulated inflation in the first four months of 2022 has reached 16.3%, the "lowest figure" for any month of April since 2014.
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With that, VW also formalized the name of the separate startup, called PowerCo, that will set up and oversee these factories.
Salzgitter will be a blueprint and starting point for what VW terms a "globally battery offensive," including six cell factories in Europe plus "the prospect of further factories in North America in the near future."
This facility alone will support more than 20,000 "future-proof" jobs, according to VW, and will be supported by a supplier park. Salzgitter will ramp up to 40 GWh of capacity—enough for about 500,000 EVs—while PowerCo's plan for Europe includes six additional factories and a total capacity of 240 GWh by 2030.
SalzGiga will produce VW's new prismatic unified cell format—revealed at VW Power Day in March 2021—that will eventually be installed in 80% of the EVs from the VW Group by the end of the decade. It will be used starting in 2025. With the Power Day announcement, VW pivoted to viewing battery cells rather than the pack itself as a core competency, aiming for a Cell2Pack strategy in which cells are placed directly in the pack instead of being grouped into modules.
Gas prices:
Gasoline prices are an unbeatable $0.084 per gallon in Venezuela, the country that boasts the biggest oil reserves in the world. Nationalization. Venezuela's Central Bank Friday reported April's inflation had reached 4.4% in April, according to the National Statistics Institute (INE). The new figures were significantly higher than the National Consumer Price Index (INPC) recorded in March but still notoriously better than 24.% from April 2021.
With Friday's data, the accumulated inflation in the first four months of 2022 has reached 16.3%, the "lowest figure" for any month of April since 2014.
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