VW has announced another big battery investment, this time committing €20 billion to battery production through 2030 with a new battery production spinoff named “PowerCo.” The announcement ...

Solid-state battery developer QuantumScape has signed an agreement with PowerCo that gives the Volkswagen Group’s battery arm a non-exclusive license to mass produce its technology. This ...

The idea is to bring in investors pre-IPO so Volkswagen can gauge how the division - named PowerCo - might be valued in a potential flotation, the sources said, adding that Volkswagen is working ...