Published by
Reuters UK
Reuters UK
By Victoria Waldersee BERLIN (Reuters) – Volkswagen and Bosch have agreed to set up a joint venture by the end of this year to equip battery cell factories and help make Europe self-sufficient in battery production. The venture will deliver battery production systems and assist battery cell manufacturers in scaling up and maintaining production sites, Volkswagen said on Tuesday, adding it would serve its own factories and others across Europe. “Europe has a one-time chance to become the global powerhouse for batteries in coming years,” Volkswagen board member Thomas Schmall, who is responsible…