Volkswagen working towards a sustainable European battery supply chain
see photosTwo automotive giants seek to develop battery supply chain in Europe
Volkswagen and Bosch have signed a Memorandum of Understanding to explore a joint venture dedicated to providing battery equipment solutions to the European market. Together they plan to sell integrated battery solutions with on-site ramp-up and maintenance support for battery cell and system manufacturers. This joint venture has also been designed with the goal of enabling Volkswagen to achieve its goal of building six battery cell factories by 2030 that will also be available to third-party customers.
The idea of both Bosch and Volkswagen is for electric cars to be self-sufficient in terms of the supply chain. Volkswagen is building on top of its joint venture with Northvolt with which it plans its first facility in Salzgitter, Germany.
“Europe has a unique opportunity to become a global battery powerhouse in the years to come,” Thomas Schmall, a VW board member responsible for the automaker’s battery plans, said in a statement.
Bosch is one of the world’s largest automotive suppliers
“There is a strong and growing demand for all aspects of battery production, including equipment from the new Gigafactory. Volkswagen and Bosch will explore opportunities to develop and shape this novel, multi-billion-euro industry in Europe,” he added.
“Our decision to actively engage in the vertical integration of the battery-forming value chain will tap considerable new profit pools. Certainly to establish a fully localized European supply chain for e-mobility business done in Europe.” marks a rare occasion in history,” Shamal explained.
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The European Battery Coalition has already said that a third of global batteries need to be manufactured in Europe by the end of the decade to reduce dependence on South Korean and Chinese suppliers.
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