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Volkswagen Group China enhances strategic partnerships for battery raw material supply chain with Huayou Cobalt and Tsingshan Group
On March 21, Volkswagen Group announced that Volkswagen Group China (VW) signed two Memorandums of Understanding (MOUs) with Huayou Cobalt and Tsingshan Group to enhance the cooperation in the Chinese battery value chain. This cooperation will help VW achieve a 30-50% cost reduction on each battery, and improve batte....
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