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Volkswagen China Plans JVs on Battery Raw Material Supply Chain

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Volkswagen AG has become the latest automaker to seek additional control over its supply chain for the production of electric cars, signing two pacts in China to shore up cathode materials.

Volkswagen Group China struck MOUs for strategic partnerships with Huayou Cobalt and Tsingshan Group to “further strengthen its position in the Chinese battery value chain and the group’s competitiveness in the fast-growing e-mobility industry in China,” according to a statement Monday.