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Volkswagen, Northvolt to join forces for battery research

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Volkswagen, Northvolt to join forces for battery research
FILE PHOTO: A Volkswagen logo is pictured in a production line at the Volkswagen plant in Wolfsburg, Germany March 1, 2019. REUTERS/Fabian Bimmer/File Photo   -   Copyright  Fabian Bimmer(Reuters)
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FRANKFURT (Reuters) – 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) 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 programme to support the production of battery cells, the Economy Ministry said earlier this month.

(Reporting by Arno Schuetze; editing by Emelia Sithole-Matarise)

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