Volkswagen to invest in mines in try to become global battery supplier

by: Sayantan Barua

Volkswagen to invest in mines in try to become global battery supplier

by: Sayantan Barua

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TW Newsdesk, March 18:Volkswagen plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to third-party customers, the carmaker’s board member in charge of technology stated.

Its strategy aligns with a wider trend of car-manufacturer asking for greater control over parts of the supply chain traditionally left to third parties, from energy generation to raw material sourcing, as they compete for scarce resources they urgently need to meet electrification targets.

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