Volkswagen advances development of lithium-ion batteries for cars

    German industries join forces to develop a new generation of batteries

    WOLFSBURG, Germany, Nov. 8 /CNW/ - German industries join their forces to
develop high-performance batteries for stationary and mobile operation.
Volkswagen is among the initiators of this alliance. The project was presented
today during the Innovation Congress in Berlin with the theme "One Year of
High-Tech Strategy - New Perspectives for Germany" initiated by the Federal
Ministry for Education and Research. The alliance for innovation among the
companies BASF, Bosch, Evonik Degussa, Li-Tec, STEAG Saar Energie and
Volkswagen took the opportunity to suggest a common start on a lithium-ion
initiative to the Federal Minister for Education and Research, Dr. Annette
Schavan. The goal is to substantially increase the energy and performance
density of the batteries and to accelerate the possible use in production.
    Dr. Juergen Leohold, Head of Group Research at Volkswagen AG said, "In
the future, there will be parallel use of various automotive drive systems,
all the way to purely electric drive. A high-performance lithium-ion battery
as the energy carrier will be a key technology. Therefore, it is sensible and
necessary to combine the potentials for the research and development of this
battery in an alliance for innovation. This way, synergies can be exploited
and the development accelerated. For Volkswagen, this initiative is an
important step on the way to zero-emission operation of vehicles."
    Around 360 million euros will be invested in this project by the
participating industrial partners in the coming years. It is planned that the
Federal Ministry for Education and Research will support the initiative with
an additional 60 million euros.

    Founded in 1952, Volkswagen Canada, Inc. is headquartered in Ajax,
Ontario and is a subsidiary of Volkswagen AG, headquartered in Wolfsburg,
Germany. One of the world's largest producers of passenger cars and Europe's
largest automaker, Volkswagen sells the City Golf, City Jetta, Rabbit, GTI,
New Beetle, Jetta, Passat, Eos, and Touareg 2 through more than 130
independent Canadian dealers.

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For further information: Patrick Saint-Pierre, (905) 428-5858,

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