BREAKING NEWS
This content is not available in your region

Volkswagen, Northvolt to join forces for battery research

Access to the comments Comments
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)
Text size Aa Aa

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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.