Volkswagen AG is investing in a series of mines across the globe in pursuit of becoming a major supplier of batteries for electric vehicles.
The German automaker is looking to secure access to the raw materials essential to battery production as it seeks to expand its presence in the burgeoning electric vehicle market.
The move comes as Volkswagen ramps up its electric vehicle strategy and as the company looks to become a major supplier of electric vehicle batteries.
The company has invested in mines in several countries, including the United States, Germany, and South Korea.
The investments will allow Volkswagen to secure access to key resources, including lithium and cobalt, which are key ingredients in the production of electric vehicle batteries.
The company is also looking to secure access to nickel and copper, two other components of electric vehicle batteries.
Volkswagen is aiming to become a major supplier of electric vehicle batteries and is investing heavily in the development of battery technology.
The company is developing new battery technologies and is looking to expand its production capacity.
The investments in the mines are part of Volkswagen’s strategy to increase its presence in the electric vehicle market and become a major supplier of electric vehicle batteries.
The company has said that it is committed to expanding its presence in the electric vehicle market and is investing in the development of battery technology as well as in the mining of key resources.