VW breaks ground on first EV “gigafactory,” starts PowerCo business to oversee it and many more

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