Lithium: The Irreplaceable Element of the Electric Era Why is...

Lithium: The Irreplaceable Element of the Electric Era
Why is lithium so important for the production of electric car batteries? And how will Volkswagen secure a sustainable supply chain? We answer the key questions.

“Long-term agreements such as the one we have now made with Ganfeng for the most important raw material, lithium, have decisive strategic importance for the implementation of our ‘E-Offensive’,” says Dr. Stefan Sommer, Group Board of Management member for Components and Procurement at Volkswagen AG, thus formulating the extreme importance of the long-term lithium supply for the Volkswagen Group at the start of the electric era. The joint Memorandum of Understanding (MoU) with the Chinese lithium producer ensures security of supply in the key technology of the future - and makes a decisive contribution to implementing Volkswagen's ambitious Group goal of launching the largest E offensive in the automotive industry and has projected 22 million E vehicles worldwide by 2028.

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