Related Articles
Launch of ID3 in 2019 was a milestone in VW’s electrification plans
Forward article link
Share PDF with colleagues

EV supply chains: The new great game

Volkswagen’s aggressive battery plans signal new worries for automakers in the EV era

Last week’s Power Day presentation from Volkswagen boldly laid out the automaker’s plans to take immediate control over future battery supplies, and by doing so, its own destiny. First, VW cut ties with several South Korean battery suppliers and instead struck a $14bn deal with Sweden’s Northvolt. Perhaps ‘deal’ is too small a word. VW will increase its own equity stake in the battery maker, buy out the company’s stake in an existing joint-venture production facility in Germany, and devour all future production Northvolt can supply from a new round of major capacity expansion. The speed of VW’s strategic shift signals a looming capacity panic that… will impact the entire battery



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Schlumberger pivots portfolio towards net zero
25 June 2021
Firm sets aggressive new 2050 decarbonisation promise with rare scope three emissions detail
Maine makes state fossil-fuel divestments a point of law
25 June 2021
Other US states expected to follow Maine’s lead, especially heavily Democratic ones on east and west coast
Brazil solar PPA demand rises ahead of grid rule change
24 June 2021
Lisarb Energy sees spike in interest from corporate offtakers to lock in contracts before rise in grid costs for solar projects
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video