Volkswagen invest over USD1 billion in joint battery activities with Northvolt

Corporate developments

Two companies to also establish a 50:50 joint venture (JV) later this year which will set up a battery cell factory in Europe

Volkswagen (VW) has invested EUR900 million (USD1 billion) in joint battery development activities with Northvolt, the company announced in a press release on 12 January.

Thank you for visiting IHS Automotive AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload