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Volkswagen Group

Merger paves way for solid-state lithium-metal battery production

Wed, 09/09/2020 - 10:08 -- Paul Crompton

Battery developer QuantumScape Corporation is set to start production of its solid-state lithium-metal batteries via its joint venture with the Volkswagen Group following a billion dollar merger with Kensington Capital Acquisition Corp.

The California, US, based firm is expected to receive more than $1 billion in cash and funding commitments, led by Volkswagen and Qatar’s sovereign wealth fund, as part of the transaction.

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VW Group signs $1.4B battery deal with Wanxinag Group to ensure security of supply in China

Tue, 08/04/2020 - 08:29 -- Paul Crompton

China battery maker Wanxinag Group has secured a $1.4 billion deal to supply German vehicle OEM Volkswagen Group (VW) with lithium-ion batteries.

The deal, through the China firm’s subsidary Wanxiang A123 (Wanxiang bought battery maker A123 in 2012), gives VW a second China lithium-ion cell supplier alongside Contempoary Aperex Technology (CATL). 

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VW Group launches pilot lithium-ion battery production plant in Germany

Thu, 09/26/2019 - 12:28 -- Paul Crompton

Vehicle OEM Volkswagen Group has taken the first steps toward a large-scale lithium-ion battery production line with the opening of a pilot plant in Germany.

The pilot line for battery cell assembly has begun producing lithium-ion cells at VW's Center of Excellence in Salzgitter, Lower-Saxony.

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