Volkswagen and Patriot Battery Metals form strategic partnership
Power Co
Volkswagen
Meta
PowerCo SE
part
purchase
invest
Metal
import
Volkswagen
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electric
Patriot Battery Metals
Battery
raw materials
2024-12-25 10:18
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On December 18, Volkswagen Group's battery company PowerCo SE announced a strategic partnership with Patriot Battery Metals. Volkswagen will invest $48 million to purchase a 9.9% stake in Patriot Battery Metals to ensure long-term supply of important lithium raw materials in electric vehicle batteries.
