Volkswagen Is Building Its First Factory To Produce Battery Components In Poland

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PowerCo, a subsidiary of Volkswagen AG, and Belgian mining company Umicore will establish the first factory in Poland to produce components for electric vehicle batteries. Here is the reason why this country is preferred. Volkswagen’s subsidiary PowerCo and Belgian Umicore will establish the first factory to produce materials for automobile batteries in Nysa, Poland. According to the news announced by Reuters, the Polish government will invest 350 million euros in the project. Cathode active material (CAM), one of the most valuable components of electric vehicle batteries, will be produced in the factory.

The facility in question will be built by Ionway, a $2.9 billion joint venture company established by PowerCo and Umicore in December 2021. It is stated that construction work will begin as soon as the permit process is completed. The factory, which is planned to start production in 2025, will employ 900 people.

Why Was Poland Preferred?

PowerCo’s reasons for choosing Poland include advantages such as the country’s strategic location, skilled workforce and easy access to renewable energy sources.”Our first plant will help Power Co become a global player in the battery market,” said Thomas Schmall, Member of the Board of Management of Volkswagen AG and Chairman of the Supervisory Board of PowerCo. PowerCo also operates in Salzgitter (Germany), Valencia (Spain) and St. It plans to build three more battery production facilities, including one in Thomas (Canada).

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