Volkswagen and Swedish battery maker
Beginning in early 2020, the so-called European Battery Union (EBU) intends to accumulate know-how on battery cell production, consisting of research on raw materials, cell technology but also the recycling of used batteries.
“All the partners will step up their investments as a result of the planned additional research activities,” Volkswagen stated, noting that they could seek funds from the German economy ministry.
The country has earmarked 1 billion euros ($1.14 billion) to support a consortium looking to produce electric vehicle cells and prepares to fund a research facility to develop next-generation solid-state batteries.
Over 30 companies have applied for the program to support the production of battery cells, the Economy Ministry stated previously this month.