Currently reading: Volkswagen and Bosch to collaborate on battery production
German industrial giants sign memorandum of understanding to vastly ramp up battery manufacturing in Europe

Volkswagen and the Bosch have committed to a joint venture to significantly upscale Volkswagen’s battery factories, with an aim of making the firm self-sufficient in European battery-cell production.

The car maker and component supplier signed a memorandum of understanding that will ensure the “entire range of processes and components” will be sourced within Europe, aiming for “cost and technology leadership in the industrialisation of battery technology”.

For Autocar Business webinars and podcasts, visit Autocar Business Insight

They aim to form the new company by the end of 2022.

Register for free to access this article
  • Instant access to all Autocar Business news
  • Regular email newsletters
See all benefits here