The Volkswagen Group is preparing to partially sell or go public with the battery division

Recently, there have been media reports that Herbert Diess, CEO of Volkswagen Group, said that the company is preparing to partially sell or list the battery division, while preparing the battery sector to deal with the capital market, including the introduction of external partners. Diess has said volkswagen's battery division can be listed independently, and the division is expected to achieve sales of 20 billion euros by 2030.

To ensure that it is not affected by supply chain shortages when sprinting eviction sales in the next 5 years, Volkswagen recently announced three battery partners, with Umicor, 24M Technologies, and Vulcan Energy Resources Ltd, to promote vertical integration of the battery value chain, with a total price of up to $34 billion.

Among them, the Belgian chemical company Umicor will form a joint venture with Volkswagen to provide lithium battery anode raw materials. "For lithium batteries, Volkswagen will continue to promote the relevant strategies continuously and quickly." Volkswagen board member Thomas Schmall said the partnership with Umiore would give Volkswagen a state-of-the-art lithium battery supply chain in Europe. Umicore also has long-term research on battery recycling technology, and the two sides will continue to develop battery recycling technology while increasing production capacity, reducing environmental impact and expected to reduce costs.

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