Does this report have credibility? Huge news, Vulcan supplies VW from 2025.
http://microgridmedia.com/volkswagen-launches-an-electric-battery-production-facility/
By integrating into batteries, Volkswagen aims to monopolize the industry and rely less on Asian suppliers. The company focuses on long-term relevance, ignoring the looming supply chain and uncertainty issues. PowerCo will begin the search for raw materials despite the soaring prices faced by EV manufacturers. PowerCo would begin by sourcing cathode materials from Belgium-based miner Umicore SA, battery-grade lithium hydroxide from Vulcan Energy Resources, and machinery from Robert Bosch.Volkswagen also indicated that PowerCo was set up to facilitate a potential listing for sales of its shares by 2024.
Does this report have credibility? Huge news, Vulcan supplies VW...
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