German automaker Volkswagen seeks vertical integration to achieve security of battery raw materials supply
Published: Thursday, 17 June 2021
Volkswagen Group is seeking partnerships with battery raw material producers in order to vertically integrate and achieve security of supply and competitive prices for its minerals needs, a spokesperson for the German automaker told Fastmarkets on Thursday June 17.
This is in line with the company’s strategy to
move forward with the electrification of its fleet.
Besides gaining security of supply, the company spokesperson
confirmed to Fastmarkets that Volkswagen aims to secure direct
access to battery raw materials, such as lithium and cobalt, to
better control the cost...