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13 Dec
18:52

Volkswagen Group introduces company for battery business

Volkswagen Group said Monday it has set up a new European company to handle its battery-related activities, as it pushes to become a “global leading EV manufacturer.” The so-called Société Européenne will be in charge of processing raw materials, developing a unified Volkswagen battery to volume segment and managing its six planned gigafactories. The separate company will oversee €52 billion ($58.7 billion) in new EV investme…
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