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Volkswagen, To Build Affordable EV Through Batteries and Raw Materials Investment

Jesica Sendai

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German automaker Volkswagen has announced its plans to invest 180 billion euros (approx. RM865 billion) in battery production and securing raw materials.

Furthermore, the carmaker stated on Tuesday (March 14) that more than two-thirds of the company's five-year investment budget is now allocated to electrification and digitalization, including up to 15 billion euros (RM72 billion) for batteries and raw materials.

According to Volkswagen Group Chief Financial Officer Arno Antlitz, he told analysts that if the market did not grow as expected, the company might postpone some battery investments due to the recent market instability caused by the failure of Silicon Valley Bank.

To keep its market share and lower the price of electric vehicles, Volks continues its mission to bring an approximately 25,000-euro (RM120K) vehicle to market by 2025 which is built on a second-generation version of its all-electric MEB platform.

Antlitz expressed hope that by then, the company would have struck enough raw material sourcing deals and expanded battery production to reduce EV costs, 40% of which are due to battery costs.

Source: Reuters 

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Written By

Jesica Sendai

from 9 to 5 grinder to 'racing' her way in the automotive industry through editorial work.

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JPJ Running Numbers

KUALA LUMPUR

VPS4763

SELANGOR

BSH7960

JOHOR

JYG7645

PULAU PINANG

PRU1287

PERAK

APB2504

PAHANG

CFD4892

KEDAH

KGC3032

NEGERI SEMBILAN

NEH1361

KOTA KINABALU

SJM6224

KUCHING

QAB1721M

Last updated 19 Sep, 2025

Fuel Price

Petrol

RON 95

RM 2.05

RON 97

RM 3.21

+0.03

RON 100

RM 5.00

VPR

RM 6.23

Diesel

EURO 5 B10

RM 2.93

+0.03

EURO 5 B7

RM 3.13

+0.03

Last updated 18 Sep, 2025

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