German automaker Volkswagen is investing C$69 million ($48 million) to acquire a 9.9% stake in lithium exploration company Patriot Battery Metals and secure an offtake commitment for its battery manufacturer PowerCo to supply 100,000 tonnes of spodumene concentrate per year over a 10-year term and a potential 5-year extension period. Patriot will use the proceeds from… Read more »
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NOVONIX signs offtake deal to supply battery materials to Volkswagen’s PowerCo
Battery materials and technology company NOVONIX has signed a binding offtake agreement with PowerCo for a minimum of 32,000 tonnes of synthetic graphite material over a five-year term starting in 2027. German automaker Volkswagen established PowerCo in 2022 to ramp up its global battery cell production. PowerCo oversees international factory operations, advances in cell technology… Read more »
Rivian and Volkswagen Group officially launch joint venture
German automaker Volkswagen and US EV manufacturer Rivian Automotive have announced the official start of the two companies’ joint venture. The news comes months after VW said that it would invest $5 billion in Rivian. That investment has now grown to $5.88 billion. The JV will focus its efforts on the development of electrical architecture… Read more »
Volkswagen to close three factories in Germany, eliminate jobs and cut worker pay
Hurricane-force winds are blowing through the global auto industry, and we may just have seen the first roof fly off. German carmaker Volkswagen has announced that it plans to close at least three factories in Germany, for the first time in the company’s history. According to the company’s works council, VW is also expected to… Read more »
2025 Volkswagen ID.Buzz: electric Microbus finally arrives
It’s instantly recognizable as a VW Bus, but what does it compete against? And will its allure last? The 2025 Volkswagen ID.Buzz, an electric reinvention of VW’s 1960s Microbus, is finally here. After a seven-year wait, the high-style 3-row box on wheels will hit dealerships in November and December—with priority going to those dealers who… Read more »
Xpeng and Volkswagen collaborate on Chinese EV platform
Chinese automaker Xpeng has signed an agreement with Volkswagen to jointly develop electrical/electronic (E/E) architecture for vehicles manufactured in China based on Volkswagen’s China Main Platform (CMP) and Modular Electric Drive Matrix (MEB) platform. The companies have established a Project House in Guangzhou and Hefei in China for their engineers to work closely together and… Read more »
onsemi to provide SiC power box solution for Volkswagen Group’s next-gen EVs
Power and sensing technology specialist onsemi has signed a multi-year deal with the Volkswagen Group to be the primary supplier of a complete power box solution as part of a next-generation traction inverter for the automaker’s Scalable Systems Platform (SSP). The solution features silicon carbide-based technologies in an integrated module that can scale across all… Read more »
Volkswagen to launch European-made entry-level EVs
German automaker Volkswagen has announced a program to promote entry-level electric mobility by introducing compact EVs to the European market priced at around €20,000. The cars are scheduled to launch in 2027. The company says work is already underway on the Electric Urban Car Family, and Volkswagen’s Brand Group Core is set to offer EVs… Read more »
Volkswagen to invest up to $5 billion in Rivian over the next 2 years, companies will share software
The Volkswagen Group will invest up to $5 billion in US EV maker Rivian in a complex deal under which the two companies will form an equally-owned joint venture to share EV architecture and software. As reported by Reuters, Volkswagen will immediately invest $1 billion in Rivian through a convertible note, and also pledges to… Read more »
Volkswagen increases power of ID.3 motor
German automaker Volkswagen has launched an upgraded version of its ID.3 electric compact car containing a stronger and more efficient electric motor, providing more power and economical consumption. In Germany, the ID.3 Pro S model now delivers 170 kW as standard. Customers in other markets can decide after purchase whether they want to increase the… Read more »