Volkswagen launches PowerCo for global battery business; €20B investment; standard factories
Green Car Congress
JULY 8, 2022
With immediate effect, responsibility for global battery business is to be held by the newly created company “PowerCo”. The Volkswagen Group is bundling its global battery activities in the European company (SE) PowerCo. PowerCo will become a global battery player. Standard factory. —PowerCo CEO Frank Blome.
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