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Volkswagen Group secures future battery technology with new partnerships

Volkswagen Group secures future battery technology with new partnerships

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Volkswagen Group aims to strengthen its battery technology capabilities through the signing of three new strategic partnerships.

Volkswagen Group secures future battery technology

The first one is a joint venture with Umicore, which is a clean mobility provider that will help supply Volkswagen’s European battery factories with cathode materials, which are essential in the makeup of a battery. 

 

An initial production of 20GWh will commence in 2025 at Volkswagen’s European gigafactory in Salzgitter, Germany. By the end of the decade, the firm wants to produce 160GWh, which would be enough to power up to 2.2 million electric vehicles.

 

Mathias Miedreich, CEO of Umicore, said: “We are very pleased to become a long-term partner for Volkswagen in achieving its ambitious e- mobility strategy in Europe and in bringing our long-standing and proven expertise in rechargeable battery materials to this unique joint venture,”

 

“The complementarity of our extensive technology, innovation and industrial know-how, will provide a strong framework to develop next generation battery material technologies, giving us a considerable first-mover advantage in this fast-growing market.”

 

The second partnership is with 24M Technologies, which is based in Cambridge. It’s a startup linked to the Massachusetts Institute of Technology (MIT) and VW wants to work with the company to reduce costs by lowering material usage and simplifying the battery production process.

 

The final agreement is with Vulcan Energy Resources, which gives VW access to a supply of CO2-neutral lithium from the Upper Rhine Valley in Germany, helping to secure in-house battery production.

 

Managing director Francis Wedin, said: “Through this agreement, Vulcan Energy will become a major enabler of Volkswagen’s world-leading target to produce carbon neutral EVs, including all raw materials in the battery supply chain. We look forward to working closely with Volkswagen Group to build sustainable, local lithium supply for the German and European automotive sector.”

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