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.

Photo: PR Northvolt

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.

The consortium will promote and coordinate battery technology research in Europe. This research will explore the entire value chain ranging from raw materials to battery recycling and will primarily seek to generate more science on battery production. In a broader sense, the partnership will also will help prepare Europe's forward-looking battery manufacturing sector.

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