Volkswagen’s PowerCo & Umicore to form European battery materials JV; €3B investment to produce CAM and precursors

Green Car Congress
By mmillikinSep 27, 2022, 10:00 am296 pts
PowerCo, the new battery company of the Volkswagen Group, and Umicore have established a joint venture for precursor and cathode material production in Europe. From 2025 onwards, the joint venture will supply PowerCo’s European battery cell factories with key materials. By the end of the decade, the partners…

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