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Volkswagen: Major battery contract for EV signed with Bosch

VW, battery, Bosch

VW has signed a major battery deal with Bosch for EV batteries.

By awarding Bosch the contract, VW, which previously inked a battery-related deal with Sanyo, will have at least two massive companies lined up to supply it with batteries for upcoming electric vehicles like the E-Up! and Golf Blue-e-motion. Most automakers are accelerating efforts to electrify many of their vehicles, which means that competition over battery suppliers is quickly heating up.

Volkswagen has said that it will launch battery-powered vehicles in 2013 and expects these zero-emissions automobiles to account for around three percent of its worldwide sales by 2018. Both VW and Bosch declined to reply to Reuters’ request for more info on the rumored battery deal.