Looks like the rush to tie up raw materials is just getting started got to love Euro class one nickel deposits !
Officials called PowerCo one of the most important startups in the history of Germany. Volkswagen may have big plans to accelerate past Tesla to become the world’s number one maker of electric vehicles, but to be competitive it needs to bring cell production to its home turf. As CEO Herbert Diess underscored, all the recent supply-chain issues have placed urgency on the need for the company, and Germany, to reduce dependence on Asia, not just for cells but for raw materials as well.