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Top related persons:
PowerCo - 2 Ionway - 2 Umicore - 2 Carlos Osorio - 1 Sabine Wollrab - 1 Sarah Marsh - 1 David Holmes 私 - 1 Thomas Jansseune - 1
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Volkswagen's St Thomas , Ontario Canada Poland Nysa Ontario Europe
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European Union - 2 Volkswagen - 1 Volkswagen Group's - 1 REUTERS - 1 Rights - 1 VW - 1 Deal - 1 Thomson - 1

Search resuls for: "Ionway"


2 mentions found


☆ Volkswagen, Umicore venture picks Poland for first car battery parts plant
  + stars: | 2023-10-07 | by ( ) www.reuters.com   time to read: +2 min
Volkswagen vehicle is parked during a news conference to announce details on the construction of a gigafactory for electric vehicle battery production by Volkswagen Group's battery company PowerCo SE in St. Thomas, Ontario, Canada April 21, 2023. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsBERLIN, Oct 7 (Reuters) - The auto battery parts joint venture between Volkswagen's (VOWG_p.DE) PowerCo and Belgian materials firm Umicore (UMI.BR) has chosen Poland as the site for its first factory, PowerCo said on Saturday. Ionway wants to build up its annual production capacity by the end of the decade to around 160 gigawatt hours (GWh) per year - enough for 2.2 million electric vehicles. Ionway is intended to supply PowerCo's European battery cell factories with key battery materials and to cover a large portion of PowerCo's needs in the European Union. In return, Umicore receives secured access to an important part of Europe's demand for cathode materials for electric vehicles.
Persons: Carlos Osorio, PowerCo, Ionway, Umicore, Sabine Wollrab, Sarah Marsh, David Holmes 私 Organizations: Volkswagen, Volkswagen Group's, REUTERS, Rights, VW, European Union Locations: St, Thomas , Ontario, Canada, Volkswagen's, Poland, Nysa, Ontario
☆ Umicore, Volkswagen present Ionway battery parts joint venture
  + stars: | 2023-10-06 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Oct 6 (Reuters) - The $2.9 billion battery parts joint venture between Volkswagen's (VOWG_p.DE) PowerCo and Belgian materials firm Umicore will be called Ionway, the companies said on Friday. Through the joint venture, first flagged in December 2021, the companies are joining a number of European automakers that have brought battery supplies closer to home in the shift towards electric vehicles. "The founding of Ionway sends a strong signal for the rollout of battery cell technology in Europe. We are convinced that this company will provide some important building blocks with which the European Union can implement its Green Deal goals," said Ionway Chief Executive Thomas Jansseune. Ionway is intended to supply PowerCo's European battery cell factories with key battery materials and cover a large portion of PowerCo's needs in the European Union.
Persons: PowerCo, Ionway, Thomas Jansseune, Umicore, Miranda Murray, Friederike Heine Our Organizations: European Union, Deal, Thomson Locations: Volkswagen's, Europe
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