VW sparks raw material red alert

VW Group’s cobalt pursuit sees automaker EV step change that will impact lithium, graphite and nickel

German automaker Volkswagen Group (VW) made an announcement in September which sent shockwaves through the lithium ion battery supply chain.

The company outlined the most significant capital investments seen so far from an incumbent auto manufacturer as part of VW’s drive to become the market leader in electric vehicles (EV), termed RoadmapE.

The announcement by CEO Matthias Müller stated the company will provide more than $24 billion (20 billion euros) for “direct investment in industrialising . . .

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