Volkswagen to set up battery JV with Umicore, signs lithium deal with Vulcan Energy

By IM Staff
Published: Thursday, 09 December 2021

German automaker Volkswagen plans to establish a joint venture with Belgian battery material company Umicore and enter a lithium offtake agreement with Australia-listed start-up Vulcan Energy Resources.

Volkswagen, Umicore and Vulcan Energy Resources announced these deals on Wednesday December 8, signaling a move toward electric mobility.

Volkswagen and Umicore plan to establish a joint venture to build up precursor and cathode material production capacity in Europe to supply the automaker's European...

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