Volkswagen Group secures lithium supplies
The Volkswagen Group and Ganfeng Lithium registered in Jiangxi (China) have signed a memorandum of understanding on long-term lithium supplies for battery cells of electric vehicles.
Under the agreement, Ganfeng will supply lithium to the Volkswagen Group and its suppliers for the next ten years.
Volkswagen is thus already securing a significant share of its lithium requirement for batteries of its EV.
In addition to the arrangements on lithium supplies, Volkswagen and Ganfeng also agreed to cooperate on future topics such as battery recycling and solid-state batteries.