Under 100 Words: A Compact Summary
Volkswagen and Mahindra & Mahindra signed a significant supply agreement, with Mahindra becoming the first external partner to use Volkswagen’s electric components, including the unified battery cell. The deal aims to reduce costs by 50%, spanning several years with a target energy storage capacity of 50 gigawatt hours. Volkswagen, through its MEB platform, positions itself as a supplier of electric technology to other automakers, exploring further collaboration opportunities (Mahindra & Mahindra Collaborates with Volkswagen).
- On Friday, Volkswagen and Mahindra & Mahindra Ltd entered into a supply agreement concerning the utilization of essential electric components from Volkswagen’s open platform for electric vehicles (EVs).
- As per the agreement, Mahindra intends to incorporate specific platform components and Volkswagen’s unified battery cell into its electric platform, named INGLO, as outlined in Volkswagen’s statement.
- The Indian company will be the inaugural external partner to adopt the unified cell, a novel cell technology that Volkswagen plans to employ for 80% of its battery cells, promising a 50% reduction in costs (Mahindra & Mahindra Collaborates with Volkswagen).
- Volkswagen has stated that the agreement is expected to span “several years” with a cumulative energy storage capacity of around 50 gigawatt hours.
- Both companies are exploring additional opportunities for collaboration, according to the statement (Mahindra & Mahindra Collaborates with Volkswagen).
- Volkswagen has introduced a modular and open electric vehicle platform known as MEB, utilized in the production of its vehicles as well as those of affiliated companies such as Skoda and Audi.
- This framework positions Volkswagen to act as a supplier of electric technology and components to other automakers (Mahindra & Mahindra Collaborates with Volkswagen).
- While this supply agreement represents a first for Volkswagen, the carmaker had previously announced discussions in September of the preceding year regarding potential similar deals.
- These talks included engagements with Asian manufacturers producing combustion engine cars, considering collaboration with Volkswagen for the production of vehicles targeting the European market.
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