Car giants cooperate on electric drive technology
Volkswagen is working with Toshiba in a bid to develop an electric car for widespread adoption.
The two companies have signed a letter of intent covering cooperation on the development of electric drive units and power electronics for a new VW small family car. Volkswagen and Toshiba are also planning to develop battery systems with a high specific energy density for the next generation of electric vehicles.
Professor Dr Martin Winterkorn, chairman of the VW management board, said: "Volkswagen is forging ahead with the development of future drive technologies in many different areas. One of the important components in this context is the cooperation with Toshiba. I am convinced that this will be a major step forwards towards the development of series production electric vehicles."
Volkswagen’s objective, he said, is to be the first manufacturer to provide an emissions-free, affordable and safe large-scale production electric vehicle, but a considerable amount of research and development work is still needed, especially in the field of lithium-ion battery technology. Volkswagen Group is working with other potential technology partners alongside Toshiba, he added.