Volkswagen is to construct buildings and infrastructure for the battery cell factory it has agreed to build with Northvolt. The automotive giant has made initial investment of some €450 million.
The joint venture between Volkswagen Group and the Swedish battery producer Northvolt is gaining further momentum.
It has been decided that Volkswagen itself will erect the buildings and infrastructure for the joint venture’s “Northvolt Zwei” factory that is to produce lithium-ion battery cells, in order to leverage synergies at the Salzgitter site – based on the existing Center of Excellence for Battery Cells. [Read more…] about Volkswagen invests €450 million in battery manufacturing joint venture with Northvolt
