Live Markets »News & Advice»Latest Stories»Latest Stories Details
Latest Stories Details
Back

Volkswagen to step up talks with Northvolt on planned battery project

Boersen-Zeitung | Reuters/Frankfurt 25 May 19 | 11:24 PM

Volkswagen is intensifying talks with Swedish startup Northvolt on plans to jointly build up battery cell production in Salzgitter, near its headquarters in Lower Saxony, one of its board members told a German newspaper.


Volkswagen earlier this month pledged to spend 1 billion euros ($1.12 billion) on the project, which it says depends on certain economic pre-conditions, such as subsidised electricity.

Related Stories

    No Related Stories Found
Widgets Magazine


In an interview published on Saturday, Volkswagen board member Stefan Sommer told Boersen-Zeitung he was confident that battery cell production in Salzgitter would be realised.


"We will intensify our talks over the next weeks with regard to a more detailed planning," he was quoted as saying, adding Volkswagen was also looking at other locations in Europe for potential battery cell production, not specifying further.


Widgets Magazine

Sensex

Company Price Gain (%)
IndusInd Bank1,458.001.58
M & M652.301.41
Axis Bank798.401.20
Hind. Unilever1,782.151.19
O N G C168.950.90

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine