Automakers

VW to invest in mines in bid to become global battery supplier

VW Salzgitter battery plant
VW's battery plant in Salzgitter, Germany, is pictured.
R
By:
Reuters
March 17, 2023 10:41 AM

BERLIN -- Volkswagen Group plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to third-party customers, Thomas Schmall, the automaker's technology chief, said.

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