The automotive group Volkswagen and the Swedish battery manufacturer Northvolt are joining forces to found the European Battery Union (EBU) consortium to invest in the research, development and industrial implementation of battery technologies. Together, the major groups want to drive research activities forward and expand battery production.
Partners from research and industry in seven EU member states have joined the consortium and are dedicated to raw material extraction, cell technology and production and the challenges of recycling. The consortium is also actively involved in the construction of plant technologies that enable a sustainable, climate-friendly and competitive production of battery cells in the European Union. The joint research activities are scheduled to start in the first quarter of 2020 and are also expected to be funded by the Federal Ministry of Economics, Technology and Energy.
Source: Volkswagen AG | www.volkswagenag.com
Image Source: Pixabay | www.pixabay.com
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