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According to a Reuters report, Volkswagen plan to invest in mining with its subsidiary PowerCo to ower EV battery costs. Many car makers have preferential contracts with raw material suppliers in their pockets. Still, the German carmaker wants to go one step further and go directly to the source by absorbing mining activities in its operations.According to Thomas Schmall, the board member in charge of technology, mining capacity is the bottleneck for raw materials. This is why the automaker plans to invest directly. By doing so, VW aims to bring down the costs of EV batteries, as the current prices…<\/p>\n","category_list_v2":"Critical materials<\/a>, Environment<\/a>, Industry<\/a>, Top Stories Today<\/a>","author_info_v2":{"name":"Piet Andries","url":"https:\/\/newmobility.news\/en\/author\/piet-andriesgmail-com\/"},"comments_num_v2":"0 comments","yoast_head":"\nVolkswagen wants to step into mining raw battery materials - newmobility.news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmobility.news\/en\/2023\/03\/20\/volkswagen-wants-to-step-into-mining-raw-battery-materials\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Volkswagen wants to step into mining raw battery materials - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"According to a Reuters report, Volkswagen plan to invest in mining with its subsidiary PowerCo to ower EV battery costs. 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