Volkswagen Group (VOW) PowerCo presentation summary

Market opportunity and growth outlook

• Entering a double-digit growth market with global battery demand projected up to ~4.5 TWh by 2030, especially strong in EU and NA.

• Short-term slowdown in BEV sales, but robust long-term fundamentals with ~30% annual growth expected.

• Charging infrastructure expected to grow fivefold by 2030, supporting EV adoption.

• Regulations are driving net zero mobility, further boosting demand.

• VW Group demand expected to capture about 50% of worldwide demand.

Product and technology strategy

• Unified Cell Design enables standardization across leading chemistries, adaptable to all automotive segments.

• Strong innovation pipeline with world-class R&D partnerships, focusing on performance, cost, and mainstream chemistries.

• Over 100,000 cells already produced and tested, demonstrating high energy density, efficiency, and safety.

• Energy Storage Systems (ESS) diversify the business, targeting complementary growth markets in EU and NA.

Manufacturing and supply chain execution

• Global factory scale-up underway with standardized gigafactories in Germany, Spain, and Canada.

• First cells from Salzgitter expected in H2 2025, leveraging industrialization expertise.

• Process innovations reduce Capex per GWh by 30% and launch time by 50%.

• Vertical integration strategy includes sustainable sourcing, long-term agreements, and joint ventures for cathode materials.