VW breaks ground on new battery factory, will invest €20b into “PowerCo” spinoff

Electrek
By Jameson DowJul 7, 2022, 3:16 pm134 pts
VW has announced another big battery investment, this time committing €20 billion to battery production through 2030 with a new battery production spinoff named “PowerCo.” The announcement was made at the groundbreaking ceremony for its new battery factory in Salzgitter, Germany, the first of six plants…

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