Volkswagen’s PowerCo forms new partnership to produce battery materials for 2.2M EVs
![Volkswagen-Umicore](https://electrek.co/wp-content/uploads/sites/3/2022/09/Volkswagen-Umicore.jpeg?quality=82&strip=all&w=1400)
Volkswagen’s new battery company, PowerCo, announced Monday that it would be forming a joint venture with Umicore to produce battery materials for around 2.2 million EVs. The new joint venture is a significant milestone, establishing one of the first fully integrated auto supply chains as VW looks to ramp up EV sales.
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