VW has created a new EV battery business dubbed PowerCo, and has started building a battery plant in Salzgitter, Germany. Here's why this is a big deal.
Overall, the automaker plans to operate six cell factories in Europe with a combined production capacity of 240 GWh. Some of these factories will be operated with partners, such asVW Launches Pilot Plant for Recycling EV Batteries
The Volkswagen Group's plans for Salzgitter reflect a growing trend among large automakers to create EV battery production hubs and to combine more parts of the battery value chain in regional hubs, pooling together everything from battery chemistry development to eventual recycling of EVs, eliminating the need to transport vehicles far to be dismantled at a single site, which would add costs to recycling.
The launch of the Salzgitter hub also reflects the Group's continued acknowledgement that automakers won't be able to rely on suppliers for EV batteries and other hardware as much as they used to in years past. This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano.io
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