Volkswagen Quietly Opens A New Energy Front
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Volkswagen is expanding its operations beyond electric vehicles by entering the large-scale energy storage market. The company has launched its first major battery storage facility in Salzgitter, Germany, with a capacity of 20 MW and the ability to store 40 MWh of electricity. This move comes as global EV demand has slowed, prompting Volkswagen to explore energy storage and trading as a complementary business to its electrification efforts.
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