New step forward by the Volkswagen Group of its ambitious electrification plan, in particular, as regards the production of battery cells in its future new factories. In fact, PowerCo, a company of the German group dedicated to the battery business, and Umicore have obtained the go-ahead for the establishment of the joint venture announced last year. The new company – will go to deal with the large-scale industrial production of active cathode materials and precursors in Europe.
THE JOINT VENTURE 
More specifically, the Volkswagen Group recalls the importance of active cathode materials for the performance of battery cells. These elements also have a very important impact on the overall cost of accumulators. Precisely for this reason, for the German group these are materials of strategic importance, central to the creation of the value of batteries and crucial for the success of the transition towards mobile mobility. electric.
Starting from 2025, this new joint venture which will have; its headquarters in Brussels, will go to supply the European battery factories managed by PowerCo with key materials for production, covering most of the need for active cathode materials and precursors. The new company – by the end of the decade he expects to produce active cathode materials and precursors for a capacity; of cells equal to 160 GWh per year, equivalent to a capacity of 600 GWh per year. annual production capable of powering approximately 2.2 million 100% electric vehicles.
Currently, it is the production of 100% electric vehicles. the search for the place to build the production site of the joint venture is still ongoing. Thanks to the activities of the company, Umicore, a Belgian group specializing in circular technology, will have access to a significant share of the European Union market for cathode materials for electric cars.
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