Based on a substantial shareholding agreement in May 2020, the Wolfsburg-based vehicle firm entered a strategic cooperation framework with the main Chinese battery producer headquartered at Hefei. [newline]The targets of both companions are to industrialize the planned battery cell production at the Salzgitter web site of Volkswagen Group Components and to develop first use instances of the Volkswagen unified cell idea for the volume phase. China, where Volkswagen Group is beginning as long-standing market chief with high profitability, is anticipated to play a vital function for the success of the Group’s NEW AUTO technique. The Group may even continue to expand its operations with local skills and capabilities. Already today, round 1,000 software program engineers are working for CARIAD in China. In the coming years, one platform is meant to integrate all mobility choices from the Group and its brands, permitting Volkswagen to capture a major market share and extra …