Volkswagen and Northvolt found European "battery union"

Northvolt, Volkswagen and several other players are forming a consortium aiming to establish a full European value chain for battery technology.

by MAZ PLECHINGER

Swedish battery producer Northvolt appears poised for its major breakthrough. The company, supported by players such as Vattenfall, Vestas and Siemens, has founded a new consortium, the European Battery Union, along with Volkswagen, the German carmaker informs in a statement.

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