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Ruskin Felix Consulting

Ruskin Felix Consulting

Volkswagen to Invest in Mines in Bid to Become Global Battery Supplier

Auto motive Industry auto parts Carbon Neutrality

Volkswagen plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to third-party customers. The strategy aligns with a wider trend of carmakers seeking greater control over parts of the supply chain traditionally left to third parties, from energy generation to raw material sourcing, as they compete for scarce resources, they urgently need to meet electrification targets.

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