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21:16, 21-Mar-2019
Volkswagen, Northvolt to join forces for battery research
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Volkswagen and Swedish battery maker Northvolt and other companies, as well as science labs, are joining forces in battery cell research, the German carmaker said in a statement on Thursday.
Starting in early 2020, the so-called European Battery Union (EBU) aims to accumulate know-how on battery cell production, including research on raw materials, cell technology but also the recycling of used batteries.
“All the partners will step up their investments as a result of the planned additional research activities,” Volkswagen said, adding that they could seek funds from the German Economy Ministry.
Germany has earmarked 1 billion euros (1.14 billion U.S. dollars) to support a consortium looking to produce electric car cells and plans to fund a research facility to develop next-generation solid-state batteries.
More than 30 companies have applied for the program to support the production of battery cells, the Economy Ministry said earlier this month.
Source(s): Reuters