The European Battery Union is born
Volkswagen Group and a Swedish battery manufacturer Northvolt are now part of the EBU (European Battery Union) consortium. The European Battery Union, or “Airbus” batteries has just been launched.
This is not a structure put in place by the Commission or the European Union, the EBU (European Battery Union) is a “private” and industrial initiative. This European Battery Union is a consortium of several companies and research units to develop batteries on the Old Continent and then, in the medium term, build them.
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Among the initiators of its foundation are the Volkswagen Group and the Swedish company Northvolt. The latter was created by the Tesla alumni to build a giga-factory in Europe capable of producing 32 GWh of batteries in 2023.
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At present, the consortium has already attracted companies of various sizes from 7 European countries. The EBU will begin its work in 2020 with industrial collaborations according to the Airbus battery model in order to pool know-how. The goal is also to obtain funding to build a large European battery cell production unit.