PowerCo was founded in 2022 to become a global battery champion. Based in Germany, we are currently ramping up gigafactories in Salzgitter, Valencia and St. Thomas in Canada with a total volume of up to 200 GWh.

Feb 12, 2025 · Volkswagen's PowerCo is transforming EV battery production with gigafactories in Germany, Spain and Canada, ensuring a fully-integrated battery value chain

Dec 18, 2024 · This is the first investment for PowerCo and Volkswagen in the lithium supply chain, underlining PowerCo’s ambition to execute on its vertical integration strategy – from mine to battery. The partnership ensures the long-term supply of lithium raw materials through a binding offtake commitment.

Dec 18, 2024 · PowerCo SE, the battery division of Volkswagen Group, and Patriot Battery Metals Inc. have formed a strategic alliance. This marks PowerCo and Volkswagen’s inaugural investment in the lithium supply chain, highlighting PowerCo’s objective to implement its vertical integration strategy—from extraction to battery production.

Jul 11, 2024 · Volkswagen Group’s battery company PowerCo and QuantumScape (NYSE: QS) today announced they have entered into a groundbreaking agreement to industrialize QuantumScape’s next-generation solid-state lithium-metal battery technology.

Feb 5, 2025 · PowerCo is now well positioned for future business development. The current cloud ERP system serves as the central foundation for cell production. It will also support future business models like recycling of battery cells and the energy storage system business.

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Dec 12, 2023 · Volkswagen Group-owned battery company PowerCo SE steps up its activities in Canada. Ramping up its cell production activities in Europe and North America, the site of its future cell gigafactory in St. Thomas, Ontario, is now prepared for groundbreaking and start of construction in 2024.

Mar 28, 2023 · Last year, Volkswagen started a new battery production company that would operate under the VW umbrella: PowerCo. Now, in March 2023, several announcements by the company show that it’s actually...

Mar 27, 2025 · PowerCo, VW’s battery arm, on Tuesday said it had named Asma Sharafi as its U.S. CEO. Sharafi previously led battery cell design teams at Rivian and lithium-metal battery developer Cuberg. The move was unusual: In an interview yesterday, Sharafi told me she’s unlike typical battery CEOs with business backgrounds, because she spent 12 years ...