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VW in bid to become global battery supplier

Automaker to invest in mining to reduce EV costs, turn profit Metal Tech News - March 22, 2023

In spite of a robust collection of new hybrid and electric vehicle models coming out, Volkswagen's hottest project may not be a car. With batteries being the most expensive component in an EV, at roughly 40% of the overall cost, Europe's largest automaker is going straight to the source by investing in Canadian mines.

For now, plans for what potential sites are being investigated and what investme...


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