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Three different, concurrent partnerships between The Volkswagen Group and businesses that specialize in battery development were announced in 2021. Among the companies with which these agreements have been made are lithium production company Vulcan Energy Resources Ltd., battery experts 24M Technologies, and materials technology company Umicore. In order to advance the creation of its own internal EV battery cells, Volkswagen hopes to make use of these new partnerships.

In the world of automobiles, the Volkswagen Group is still a dominant force. The German carmaker has faced its fair share of controversy over the last couple of decades, but it has really thrown everything it has into encouraging EV adoption.

Volkswagen announced it would spend $20.38 billion to produce batteries for electric vehicles. The business estimates that this step will result in the creation of 20,000 jobs and a $20.38 billion increase in yearly sales. As VW scrambles to acquire enough capacity, resources, and supplies to fuel its EV ambitions, the carmaker will establish a new subsidiary named Power Co to supervise the enormous effort.

VW’s whole battery supply chain, including new technology development, raw material mining, and end-of-life recycling, will be overseen by Power Co. The information was released at a ceremony marking the company’s first battery plant’s groundbreaking in Salzgitter, a town in Lower Saxony, Germany.

Volkswagen CEO Herbert Diess stated in a statement that “the battery cell business is one of the pillars of our New Auto strategy” and that it will position Volkswagen as a major supplier of the sustainable, software-driven mobility of the future. “In both technological and financial considerations, building our own cell plant is a megaproject. It demonstrates how we are introducing cutting-edge technology to Germany!”

Including the Salzgitter facility and one in Skelleftea, Sweden, VW announced plans to erect six battery cell manufacturing facilities in Europe by 2030. Valencia, Spain will become the site of the third factory, while Eastern Europe will serve as the location for the fourth. A future gigafactory in North America is also being considered by the company. 240 gigawatt-hours of electricity can be produced annually by the plants.

In order to improve battery performance across all of its brands, VW plans to implement a new, unified prismatic cell design starting in 2023. By 2030, up to 80% of VW’s electric vehicles are expected to be powered by this unified cell design. Additional agreements between VW and Samsung and CATL, two other significant battery manufacturers. In addition, the business is supporting QuantumScape, a San Jose, California-based startup that is developing solid-state batteries with increased energy efficiency.

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