Report says Bosch will be second supplier of electric car batteries for VW

An industry expert reports that Bosch, the German automotive supplier, will receive a contract from Volkswagen (VW) to develop electric car batteries for the company. Currently, Volkswagen uses Sanyo as its battery supplier; this contract would give the company a second supplier.  Volkswagen had announced that it will be launching all electric vehicles in 2013.  The company expects that 3% of its automotive sales will come from all electric vehicles by 2018.  (May 25, 2011)