The Elements of Innovation Discovered

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...

 

Reader Comments(0)