VW has announced that by 2025 it intends to produce 2-3 million plug-in cars (via the over 10 brands making up the VW Group).  Some 30+ new all-electric models would need approximately 150 GWh of batteries…which is a lot, more than any 3rd party could supply today (or in the near future).

The total investment in such EV plans and battery building capacity could be up to 20 billion euros.

"Whereas current global automotive cell capacity is estimated at around 27 gigawatt hours of supply for the entire industry, VW believes it alone will need the equivalent of 150 GWh just to power its own fleet. "That is roughly 10 battery plants, each requiring investments of 2 billion euros, so that's 20 billion in total," the source said."

China has few advantages over other countries.