PowerCo and Umicore form joint venture for battery materials production

PowerCo and Umicore announced a joint venture to produce precursor and cathode materials in Europe, with EUR 3 billion investment, aiming to supply PowerCo's gigafactories from 2025.

“From 2025 onwards, the joint venture will supply PowerCo's European battery cell factories with key materials.”volkswagen-group.com

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• volkswagen-group.comPowerCo and Umicore establish joint venture for European battery materials production | Volkswagen GroupSep 26, 2022

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