Home Tech VW to intensify talks with Northvolt on battery project: Boersen-Zeitung By Reuters

VW to intensify talks with Northvolt on battery project: Boersen-Zeitung By Reuters

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VW To Intensify Talks With Northvolt On Battery Project: Boersen-Zeitung By Reuters


VW To Intensify Talks With Northvolt On Battery Project: Boersen-Zeitung By Reuters

© Reuters. Volkswagen Group’s once-a-year general meeting in Berlin

VW To Intensify Talks With Northvolt On Battery Project: Boersen-Zeitung By Reuters

FRANKFURT (Reuters) – Volkswagen (DE:) is intensifying talks with Swedish startup Northvolt on designs to jointly develop up battery cell output in Salzgitter, around its headquarters in Lower Saxony, 1 of its board members explained to a German newspaper.

VW To Intensify Talks With Northvolt On Battery Project: Boersen-Zeitung By Reuters

Volkswagen before this month pledged to spend 1 billion euros ($1.12 billion) on the challenge, which it says depends on selected economic pre-conditions, these types of as backed electrical power.

VW To Intensify Talks With Northvolt On Battery Project: Boersen-Zeitung By Reuters

In an interview revealed on Saturday, Volkswagen board member Stefan Sommer instructed Boersen-Zeitung he was self-assured that battery cell creation in Salzgitter would be realised.

VW To Intensify Talks With Northvolt On Battery Project: Boersen-Zeitung By Reuters

“We will intensify our talks in excess of the following months with regard to a additional detailed scheduling,” he was quoted as stating, adding Volkswagen was also searching at other locations in Europe for opportunity battery mobile generation, not specifying further.

VW To Intensify Talks With Northvolt On Battery Project: Boersen-Zeitung By Reuters

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VW To Intensify Talks With Northvolt On Battery Project: Boersen-Zeitung By Reuters

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VW To Intensify Talks With Northvolt On Battery Project: Boersen-Zeitung By Reuters

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