Volkswagen and Northvolt to lead the European Battery Union
Volkswagen announced a new consortium - European Battery Union (EBU) - formed with Swedish battery company Northvolt, to bring together research activities on electric car batteries.
Together with other European industry partners, EBU will cover the entire battery value stream – from raw materials through cell technology to recycling. According to the press release, the prime objective is to accumulate much broader know-how on battery cell production.
There are no further details, but it seems that at first, the EBU will be a new entity to get financing on research. At a later stage, findings could be used in a new battery manufacturing plant in Europe, planned by Northvolt.
More competence on battery cells in the hands of Volkswagen - the biggest European car manufacturer - for sure would improve its business position against Asian suppliers.