PowerCo is the Volkswagen Group’s dedicated battery company, responsible for developing, industrializing, and manufacturing lithium-ion battery cells and systems for electric vehicles. Its scope spans the full battery value chain, including cell chemistry and process R&D, factory planning and operations, sourcing of key raw materials, quality and safety, and end-of-life solutions such as reuse and recycling. The company primarily supplies Volkswagen Group vehicle plants and supports the Group’s transition to electrified platforms.
PowerCo is building a standardized, large-scale “unified cell” production platform and an international manufacturing footprint, beginning in Europe with flagship sites in Germany and Spain and evaluating further locations. Its operating model emphasizes high-volume, cost-competitive output, secure supply chains, and energy-efficient, low-carbon production powered by renewables and closed-loop material flows. For the chemicals value chain, PowerCo is a buyer and developer of cathode and anode active materials, electrolytes, binders, and related process chemicals, and collaborates with suppliers and research partners to scale sustainable battery materials and processes.
Also known as Volkswagen PowerCo SE.
chemXplore tracks 4 projects involving PowerCo, of which 3 are active.
PowerCo's role on them: Owner, Operator, Developer, and Offtaker.
3 new construction.
Contractors, licensors, and offtakers are recorded on all 3 of them For subscribers
Targeting: Lithium iron phosphate (2)
Structural framework finished; milestone advances local LFP cathode production, broadens material development and scale‑up services, and targets supply‑chain resilience and lower emissions.
The new gigafactory in Valencia will start production in 2026, creating over 3,000 direct jobs and up to 30,000 indirect jobs. It aims for sustainable battery production with green electricity.
Volkswagen's new company, PowerCo, will manage global battery production, investing €20B by 2030. The first cell factory in Salzgitter starts in 2025, creating up to 20,000 jobs in Europe.
The investment will fund a battery Gigafactory in Valencia, electric vehicle production, and a supplier ecosystem. A photovoltaic plant will supply green energy to the Gigafactory.
The plan includes a €7B investment, a new battery cell factory in Valencia, and aims to transform Spain's automotive industry, creating 3,000 jobs and boosting e-mobility across Europe.
