Volkswagen enters battery business with $20B investment
&gt; PowerCo will use the prismatic unified cell architecture in its batteries which allows for use of different cell chemistries. The cells will be manufactured from 2025 with the factory planned capacity to be 40 GWh which is enough to supply 500,000 electric vehicles. By 2030 PowerCo plans to have all six European factories up and running with a combined capacity of 240 GWh. The unified prismatic cell harnesses synergy effects and can offer manufacturing savings of up to 50% when compared to current batteries.<p>I didn&#x27;t see anything in this announcement about where raw materials will be sourced from. It looks like the idea is to support multiple chemistries, but it&#x27;s far from clear where the materials for all those batteries will come from.