Volkswagen and Bosch to collaborate on battery production
The geographical aspect is key, as Volkswagen board member for technology explained: “Europe has the unique chance to become a global battery powerhouse in the years to come.
Bosch sold its cell chemistry division a few years ago, at the time citing the risky high investment costs, but this tie-up with Volkswagen will give it the scale to allow it to re-enter this growing field.Reports out this week suggest that mining conglomerate Change is coming, though, as recent announcements from various companies put a total yearly European battery-production capacity at 700GWh by 2030.
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