December 08 - 11:12
Volkswagen secures partnerships for $34bn EV strategy
Volkswagen has announced key strategic partnerships to obtain raw materials for creating battery cells. Volkswagen’s ambitious $34bn project to rival Tesla in the electric vehicle (EV) market includes building European battery cells factories by 2030, and having enough capacity to power over 2m EVs. It has partnered with Umicore to supply cathode materials and Vulcan for lithium.
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