Volkswagen & Northvolt form European Battery Union
Date: Mar 22, 2019
The VW Group and Sweden’s Gigafactory mastermind Northvolt want to advance battery cell production in Europe together and are forming a consortium called the European Battery Union (EBU). It includes partners from research and industry from seven EU member states.
This consortium is to start work at the beginning of 2020. According to VW, the European Battery Union’s activities will concentrate on the entire battery value chain – from raw materials to cell technology and recycling. The primary goal is to build up comprehensive expertise in cell production.
Except for Northvolt, Volkswagen has not named its partner companies. However, it did announce that “all partners involved will increase their investments (…) in the course of the additional planned research activities and the knowledge gained will later be exchanged between all participants on a transnational basis”.
