AVZ 0.00% 78.0¢ avz minerals limited

At this moment the DRC is not really in a position to consider a...

  1. 6,950 Posts.
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    At this moment the DRC is not really in a position to consider a battery plant.

    This is what VW has to say on the subject and I consider their business decisions have been proven to be sound:

    VW CEO Matthias Müller made it clear to the Handelsblatt that Volkswagen is not planning to build a battery factory.
    "We certainly don't do such nonsense."
    The production of battery cells is highly automated, offers only a few jobs and is "very expensive".
    The group looks at the entire process chain of battery technology.
    This begins with the extraction of raw materials and their use through to cell production and the construction of batteries and their installation in a car.
    VW will announce its plans later this year.
    "Then we will see to what extent we are committed to this topic and ultimately also invest."
 
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