Volkswagen forms Chinese ties to secure EV battery materials

SHANGHAI (Reuters) — Volkswagen will form joint ventures with Huayou Cobalt and Tsingshan Group to secure nickel and cobalt supplies for electric vehicles in China, the world’s No. 1 car market, and to slash costs at a time of surging raw material prices. The move is part of a 30 billion euro ($33 billion) push by the world’s second-largest… Continue reading Volkswagen forms Chinese ties to secure EV battery materials