Volkswagen China signs MoUs with Huayou Cobalt and Tsingshan Group to secure battery supply chain
VW China will set up two JVs with Huayou Cobalt and Tsingshan Group in order to secure the upstream and downstream EV battery supply chain
Volkswagen Group (China) has signed memorandums of understanding (MoUs) with Huayou Cobalt and Tsingshan Group to set up two joint ventures, securing the upstream and downstream of the battery cathode material supply chain, the company said in an official statement released on 21 March 2022.
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