- European companies and institutes join forces under the leadership of the Volkswagen Group and Northvolt to form the European Battery Union (EBU) consortium
- Consortium wishes to participate for funding for the research, development and industrial implementation of battery technology
Volkswagen forms European Battery Union with Northvolt
The Volkswagen Group and further European partners are joining forces to form the Euro-pean Battery Union (EBU) with a view to forging ahead with battery research throughout Europe. The new consortium is to be led by the Volkswagen Group and the Swedish battery producer Northvolt. The joint research activities of the European Battery Union will cover the entire battery value stream – from raw materials through cell technology to recycling. The prime objective is to accumulate much broader know-how on battery cell production.