With the increase in the production of electric cars, more and more electric vehicles will be needed. batteries. For this reason, many car manufacturers that are investing directly in this sector are also signing various agreements in order to have an adequate and constant supply of raw materials available for the production of their accumulators.
Precisely for this reason, the Volkswagen Groupit is ready to follow the example of those car manufacturers who have decided to invest directly in projects in the mining sector, as it has already done. made, for example, Stellantis. According to Reuters, the project involves the involvement of PowerCo, company of the Group which today deals with the battery business. Therefore, in the future, this reality will be a reality. will take care of not only to manage the production of accumulators in the new factories that will be built, but also of the activities; of the mining sector in order to have an adequate supply of raw materials.
THE PROJECT
Thomas Schmall, head of technology of the German group, speaking with Reuters, highlighted that the bottleneck for raw materials is a major problem. related to the ability to mining. Precisely for this reason, the Germans intend to invest directly in this sector. Thanks to this project, PowerCo will be able to to reduce the costs of the cells, satisfy at least the half; of the Volkswagen Group's need for batteries and also sell accumulators to other car manufacturers. On the last point, we recall that Volkswagen will supply the cells that will be used on the two MEB-based electric vehicles that Ford will build; in Europe. We're talking about 1.2 million cars overall over the next few years.
For the moment, the details of the project are still few. Schmall has come to the fore. limited to recalling the agreement with the Canadian Government to arrive at the creation of a supply chain of batteries for the cell factory which will be; built in the next few years in that country. The manager declined to provide details of any other investments in the mining sector, saying the company is currently in business. will not reveal such information until the commodity market is fully developed. more stable.
A few automakers have announced direct stakes in the mines, but many have struck deals with manufacturers to source materials such as lithium, nickel and cobalt and pass them on to their battery suppliers. All that remains is to wait for further news, to understand how the company will move. the German group in the mining sector to ensure an adequate supply of raw materials for batteries.
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