News

Volkswagen and Umicore unite to produce battery materials

The new company will invest € 3 billion and will have a 40 gigawatt-hour capacity in 2026

By Redação AutoIndústria | Translated Jorge Meditsch

PowerCo, the new Volkswagen Group’s battery company, and Umicore decided to create a joint venture to produce precursor and cathode materials for batteries in Europe. With a 3 billion euro budget, the project foresees supplying PowerCo’s European battery cell plants after 2025.

“Cathode material is a strategic resource indispensable for battery production, representing about 50% of the cell’s total cost. Therefore, immediate and long-term access to a wide capacity means a very clear competitive advantage, said Thomas Schmall, president of PowerCo SE’s supervisory board, who directed Volkswagen in Brazil in the last decade.

The companies did not yet define the name or where will be located the joint venture production facility. Mathias Miedreich, Umicore’s CEO, anticipated a tendency to concentrate the production on Umicore’s just-inaugurated battery materials plant in Nysa, Poland. A decision should be readily taken.

With equal participation from both groups, the enterprise will have a capacity of 40-gigawatt hour by 2026 and can reach 160-gigawatt hour up to the end of the decade, enough to supply about 2.2 million full-electric vehicles.

VW plans to build six plants in Europe up to 2030. The first one to receive products from the joint venture will be Salzgitter, Low Saxony, in Germany, scheduled to open in 2025.


Photograph: Volkswagen

Compartilhar
Publicado por
Redação AutoIndústria

Notícias recentes

Brasileiros já compraram 2 milhões de veículos leves em 2024

Com 249,4 mil unidades, outubro tem o melhor resultado mensal do ano

% dias atrás

Alckmin recebe CEO global da Honda

Em debate, os benefícios do Mover e a manutenção dos direitos constitucionais da Zona Franca…

% dias atrás

Começa na segunda a maior feira de transporte da América Latina

AutoIndústria mostra na próxima semana tudo o que vai acontecer na Fenatran

% dias atrás

Honda mexe bem pouco na família City 2025

Sedã e hatch ganham mais no conteúdo do que na forma

% dias atrás

Picape que vende mais que carro no Brasil atinge 2 milhões de unidades

Lançada em 1998, Strada segue líder em emplacamentos este ano

% dias atrás

XCMG lançará na Fenatran caminhão leve elétrico

Modelo E3-10T coloca a marca chinesa na disputa do mercado de entregas urbanas no País

% dias atrás