Volkswagen Group is working on a new generation of batteries that they will place in their future electric models. The new generation of lithium-ion batteries, will have five times larger capacity, increasing the electric range of the car, while also reducing their size.
In related news, Herbert Diess, the CEO, Volkswagen announced the creation of a new company, which will undertake the development of digital technologies and it will invest money in software development and in battery production.