Volkswagen takes a stake in battery raw material mines – IT business

Volkswagen is expanding battery cell production for electric cars and is also planning investments in raw material mines. “The bottleneck in raw materials is the mining capacity. That’s why we have to invest directly in mines,” said CTO Thomas Schmall of the Archyde.com news agency in an interview on Friday at the laying of the foundation stone for the new gigafactory in Valencia, Spain. Production of the so-called unit cell from VW is scheduled to start there in 2026.