VW breaks ground on first EV cell “gigafactory,” starts PowerCo battery business

Volkswagen Salzgitter EV cell factory groundbreakingVolkswagen officially broke ground Thursday on what it’s nicknaming SalzGiga—VW’s battery factory at Salzgitter, Germany, that will serve as a hub for global battery activities and vertical integration of the battery supply chain. With that, VW also formalized the name of the separate startup, called PowerCo, that will set up and...