It may appear that customers are turning away from Ignition Combustion Engines, (ICE) in favour of Electric cars, (EV's).
“Over the next ten years the Volkswagen Group will be launching 70-plus new pure electric vehicles,” Volkswagen’s board member for procurement Dr Stefan Sommer said.
“That means approximately a quarter of the vehicles we deliver in 2025 will be powered by electricity.
“Consequently, there will be a rapid increase in our raw material demand for cell production in the coming years.
We must make sure we cover this demand at an early stage.
“Long-term agreements like the one for lithium, a key raw material, that we have just concluded with Ganfeng are therefore of crucial strategic significance for implementing our electric offensive.”
