- Green light for unprecedented cooperation in the European automotive industry
- Full regulatory approvals obtained resulting in the official establishment of the joint venture for large-scale production of cathode materials and precursors in Europe
PowerCo and Umicore get official “go” to start joint venture for EU battery materials production
PowerCo, the new battery company of the Volkswagen Group, and Belgian circular technology group Umicore have obtained full regulatory approvals for their joint venture announced in September 2022. The partners can now swiftly proceed to prepare for large-scale industrial production of cathode active materials (CAM) and precursor materials (PCAM) in Europe.