This was reported by Handelsblatt, citing sources within the VW Group. The company’s five-year plan for PowerCo is now said to involve only a mid-single-digit billion-euro figure.

Teichmann is leaving PowerCo, but not Volkswagen: he is to take on a new role within the Volkswagen Group, according to a statement from the Group headquarters.

Specifically, PowerCo reports that foundation work has started for three large buildings covering a total area of around 79,000 square metres. The construction is being carried out

PowerCo’s current operational plan reportedly foresees the start of battery cell deliveries from its Spanish plant in the Valencia region in July 2027. At that point, two

According to the contract, IBU-Tec will produce LFP cathode material for automotive applications for PowerCo at its Weimar site from 2026 onwards. The aim is to achieve

At Volkswagen, two key electric models are set to launch later than expected. According to the German Handelsblatt, production of the eagerly awaited electric versions of the

Since last summer, it has been known that Volkswagen’s battery subsidiary PowerCo intends to industrialise solid-state batteries using technology from US specialist QuantumScape. In July 2024, both

The investment in Patriot Battery Metals is not just a financial investment. It is a strategic partnership, as the deal also includes a long-term supply commitment to

The partnership will provide the latest technologies for testing battery cells, according to AVL. The plant is to be realised by 2025. And the joint project will

Car manufacturer Stellantis is still deciding whether to build a battery complex next to its car plant in Figuerelas near Zaragoza in Spain, in close cooperation with

The VW battery subsidiary and QuantumScape know each other well.They have had a joint venture since mid-2018, which will now be replaced by the new agreement. At

Pre-series production will begin this year before the first cells for series production roll off the production line in 2025. That is what Automobilwoche writes in an

Soonho Ahn’s appointment was seen as an important symbol of PowerCo’s ambitions. The South Korean was poached directly from Apple, where he worked as the Global Head

Volkswagen is said to have doubts about being able to implement its own battery production on the planned scale. This was reported by the news agency Bloomberg,

The US company QuantumScape recently reached a milestone that has now been confirmed by Volkswagen’s battery subsidiary PowerCo: Its solid-state cell completed more than 1,000 charging cycles

Volkswagen’s PowerCo now officially confirmed its intention to industrialise dry coating for electric car batteries. The plan was leaked a few days ago. At a media round

Volkswagen’s battery subsidiary PowerCo is to employ almost twice as many people at the end of this year; up to 1,500 compared to the current 800. The

Volkswagen has unveiled further details about its battery factory in St Thomas, Canada. It will be PowerCo’s largest cell factory to date, create 3,000 jobs, and produce

Volkswagen wants to build an ecosystem for electric vehicle batteries in Indonesia together with partners through its subsidiary PowerCo. A partnership with several companies is apparently being

PowerCo, a battery company from the Volkswagen Group, and the Belgian materials technology group Umicore have received all regulatory approvals for their joint venture announced in September

Volkswagen’s plans for a battery cell factory in Spain have entered the next phase by purchasing a plot of land. PowerCo, the Group’s battery division, has signed

The Volkswagen Group’s new battery subsidiary PowerCo and the Belgian materials technology group Umicore have established a joint venture for cathode and prematerial production in Europe. From

Volvo supports CCS: Volvo gets behind the Charging Interface Initiative, joining Audi, BMW, Daimler, Opel, Porsche, VW, TÜV Süd, Mennekes and Phoenix Contact in their effort to

Moia’s growing demand in Norway is linked to a strategic realignment of the Volkswagen subsidiary. The company is shifting its focus to become a technology and systems

According to TU Wien, the new eMOTION Lab will be equipped with testing technology from the technology company AVL. Once completed, the institute’s facilities will include an

The Eagle Line is QuantumScape’s automated pilot production line for battery cells, designed to serve as the foundation for future series production. However, QuantumScape does not plan

According to the CN EV Post, citing an official statement, Gotion High-Tech has begun manufacturing standard cells for the Volkswagen Group at its plant in Hefei, China