BEIJING, Nov. 14 (Xinhua) -- German carmaker Volkswagen Group (VW) may start to produce up to 50 million electric vehicles of various brands globally through its Modular Electric Toolkit (MEB) platform from 2020, reported media quoting Volkswagen Group CEO Herbert Diess.
The corresponding battery purchase agreement has already been reached, said Diess.
He also said that VW holds an open mind to authorize MEB platforms to third-party manufacturers, which is favorable for the expansion of the economies of scale.
According to two insiders, VW's management is attempting to remodel its two plants in Germany's Emden and Hanover in a bid to prepare for the electric car production in early 2020.
VW has already invested 30 billion U.S. dollars in the electric vehicle field and built a factory in Germany's Zwickau, and it also prepares to build a electric car factory in east China's Shanghai, noted Diess. (Edited by Gu Shanshan)