Joining the collaboration will enable the Volkswagen Group to gain greater insight into the provenance of cobalt used in lithium-ion batteries.
Volkswagen Mining News
The South Korean company is weighing a $10B plan to use new facilities to boost its battery cell manufacturing capacity to about 100 GWh by 2025, a move that would challenge sector leaders including Tesla.
Emden, Hanover and Zwickau will form the largest network for the production of electric vehicles in Europe.
Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries.
“Our target is to sell more than 1 million electric cars in 2025,” VW brand head of sales Juergen Stackmann
The world’s largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with three currently.