VW, partners to spend more than $20B on battery business
SALZGITTER, Germany — Volkswagen Group said it will invest more than 20 billion euros ($20.38 billion) in a battery cell business jointly with partners, creating 20,000 jobs and reaching annual sales exceeding 20 billion euros by 2030 as it seeks leadership in the growing market. The PowerCo unit will manage VW’s global battery production and […]
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