Volkswagen China Plans JVs on Battery Raw Material Supply Chain 

March 22, 2022 EcoVadis EN


Volkswagen AG has become the latest automaker to seek additional control over its supply chain for the production of electric cars, signing two pacts in China to shore up cathode materials.

Volkswagen Group China struck MOUs for strategic partnerships with Huayou Cobalt and Tsingshan Group to “further strengthen its position in the Chinese battery value chain and the group’s competitiveness in the fast-growing e-mobility industry in China,” according to a statement Monday.

“The cooperation aims to achieve significant cost advantages, secure the raw material supply and achieve a transparent and sustainable supply chain,” VW said.


Read the full article at: www.bloomberg.com

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