It has been reported by both Reuters and the Financial Times that Volkswagen Group (VW) is considering taking a 20% stake in Chinese lithium ion battery cell producer Guoxuan Hi-Tech Company as part of its growing electric vehicle (EV) plans.
With its wholesale shift towards EVs, VW, 2019’s second-largest auto maker globally, has been taking a more public and leading role across the breadth of the supply chain. In 2019, for example, VW announced deals at both the up and downstream stages of the supply chain, including its joint venture battery megafactory with . . .
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