Tag Archives: PowerCo

QuantumScape’s Solid-State Battery Achieves Remarkable Milestone: Over 1,000 Charging Cycles with 95% Capacity Retention

(IN BRIEF) QuantumScape, a U.S. technology company specializing in solid-state batteries, has achieved a significant breakthrough in battery development, as confirmed by PowerCo. Their solid-state cell has surpassed expectations by successfully completing over 1,000 charging cycles while retaining 95% of … Read the full press release

Umicore and Volkswagen-Backed PowerCo Unveil IONWAY: A Game-Changing Battery Material Joint Venture

(IN BRIEF) Umicore and Volkswagen Group-backed battery company PowerCo have officially launched their groundbreaking collaboration named IONWAY. This Brussels-based joint venture is focused on large-scale industrial production of CAM (Cathode Active Materials) and pCAM (Precursor Cathode Active Materials) in Europe, … Read the full press release

King Felipe VI Receives SEAT S.A. Executive Committee to Discuss Electric Mobility and Record-Breaking Performance

(IN BRIEF) His Majesty King Felipe VI of Spain held an audience with the Executive Committee of SEAT S.A., led by its President, Wayne Griffiths, at Palacio Albéniz in Barcelona. During the meeting, SEAT S.A. executives updated the King on … Read the full press release

Volkswagen Group Steers Transformation with Impressive Strides in Tech Platforms at IAA Mobility

(IN BRIEF) Volkswagen Group’s CEO, Oliver Blume, announces substantial advancements in the company’s four core technology platforms during the IAA Mobility conference in Munich. The Group’s shift from traditional automaker to integrated mobility provider is marked by achievements in sustainable … Read the full press release

Volkswagen’s PowerCo to create up to 3,000 jobs in Canadian battery factory

(IN BRIEF) Volkswagen’s battery company, PowerCo SE, plans to build its largest gigafactory in St. Thomas, Ontario, Canada, with an annual production capacity of up to 90 GWh in the final expansion phase. The plant will be PowerCo’s second pillar … Read the full press release

Volkswagen’s PowerCo and Umicore receive regulatory clearance for European battery materials JV

(IN BRIEF) Volkswagen’s PowerCo and Umicore gain approval for European battery materials venture PowerCo, the Volkswagen Group’s battery company, and Belgian circular technology firm Umicore have secured regulatory approval for their joint venture to produce cathode active materials (CAM) and … Read the full press release

Volkswagen’s battery company, PowerCo, begins building new Spanish cell factory

(IN BRIEF) PowerCo, a subsidiary of Volkswagen Group, has started building its second cell factory, called Gigafactory Valencia, in the Spanish region of Valencia. The cell factory is expected to start production in 2026 and will have an initial production … Read the full press release