Volkswagen

Sweden’s Northvolt filed for Chapter 11 this week after racking up $5.8 billion in debt and burning through $30 million in cash. The company had investments from Volkswagen and Goldman Sachs and orders from Audi, Porsche, and BMW.

It was working with Volvo on new batteries due in 2025 with higher energy density to be integrated as a structural element of the vehicle, It’s unclear whether Northvolt will make that deadline, although it plans to “operate as usual” during the restructuring.

To celebrate its recent coupling, Volkswagen and Rivian brought a few journalists to its new Palo Alto-based office to see an example of the type of EVs they plan on building together. (Handelsblatt’s Felix Holtermann posted the first pic to his LinkedIn.) The unmarked VW test vehicles are running on Rivian’s software and electrical architecture, which the company boasts uses fewer electronic control units and less wiring than most other EVs.

Volkivian? RivWagen? I’ll leave the portmanteaus to more creative minds.

The SUV pioneer that is now owned by Volkswagen plans on revealing its first battery-powered vehicle on October 24th, according to a banner on the company’s site. No specifics yet, but we’re likely to get a truck and/or an SUV, something designed for off-roading, while also being perfectly at home in a Target parking lot. Expect lots of “chunky” buttons.

The months-long test included over 1,000 charging cycles, with the batteries retaining 95 percent of their energy capacity, according to QuantumScape, a San Jose-based startup backed by Volkswagen and Bill Gates. That’s better than the industry standard of completing 700 charging cycles while retaining 80 percent capacity. Most EVs use “wet” lithium-ion batteries containing liquid electrolytes to move energy around. Solid-state batteries, which have been slow to come to market, promise faster charging speeds, more capacity, and longer range vehicles.

An electric station wagon is a far cry from last week’s flood of sleek Japanese two-door EVs. Still, this shooting brake version of the Volkswagen ID.7 is actually planned for release next year in Europe.

According to VW, the extra capacity only increases the wagon’s drag coefficient to 0.24, compared to 0.23 for the sedan version that is coming to the US.

VW is teasing the three-row version of its electric Microbus ahead of its official reveal next week. This is the version that will go on sale in North America in 2024. (The two-row version is currently available in Europe — look out for Thomas Ricker’s review this weekend in The Verge!) And while there’s not much to look at here — just some headlights, really — the longer Buzz is sure to generate some, well, buzz, especially among #Vanlife aficionados and families. You can watch the livestream of the debut here on June 2nd.