Volkswagen has entered into three new partnerships related to electric vehicle batteries, as the German automaker looks to transition its entire portfolio of cars, trucks and SUVs to zero-emission vehicles by 2040.
The three separate partnerships, all of which were announced Wednesday, are with materials technology group Umicore, battery specialist 24M Technologies and Vulcan Energy Resources, a company that is planning on opening a lithium brine project in Germany.
Volkswagen’s joint venture with Umicore will supply the automaker’s European battery cell factories with cathode materials, a key building block of lithium-ion batteries. The JV will have an initial production capacity of 20 gigawatt-hours, with the aim of scali …
