In the old EV and battery thread I quoted from this article that VW would soon announce deals for battery (raw) materials and possibly even become shareholder in a miner. This is the first deal they announced. GM recently made a similar announcement for North America.
VW expects battery, raw material drive to cost up to $34 bln | Reuters
"Umicore and Volkswagen AG to create European EV battery materials Joint VentureUmicore and Volkswagen AG plan to establish a joint venture to build up precursor and cathode material production capacities in Europe to supply Volkswagen AG’s European battery cell production, making a considerable contribution to the region’s transition towards cleaner mobility."
Umicore and Volkswagen AG to create European EV battery materials Joint Venture | Umicore
GM to form new joint venture with POSCO Chemical aimed at key battery component | TechCrunch
