Brussels, Belgium, Dec 9 (Bernama-GLOBE NEWSWIRE) — Umicore and Volkswagen AG plan to establish a joint venture to build up precursor and cathode material production capacities in Europe to supply Volkswagen AG’s European battery cell production, making a considerable contribution to the region’s transition towards cleaner mobility.
This partnership will be the first of its kind in the European automotive market. It will help achieve the ambitions of the European Green Deal, including the establishment of a sustainable battery supply chain, and is a strong signal for the ongoing roll-out of innovative battery cell technologies and capabilities in the region.
