PowerCo PowerCo: Aiming to Become a Global Battery Supplier
Volkswagen’s battery unit, PowerCo, aims to become a global battery supplier and meet half of the automaker’s demand with plants primarily in Europe and North America. PowerCo will begin by supplying cells to Ford for the 1.2 million vehicles the U.S. carmaker is building in Europe on Volkswagen’s electric MEB platform. To address the bottleneck in raw materials, Volkswagen plans to invest directly in mines, with partnerships underway in Canada for its first North American battery plant.
- https://batteryjuniors.com/2023/03/20/volkswagen-invests-in-mines-to-boost-battery-production-and-secure-raw-materials/