Volkswagen Group, step by step, expands its EV-related business, including investments in battery start-ups, like QuantumScape.
One of the most recent examples is a strategic partnership deal with the 24M Technologies - Cambridge-based battery start-up that offers the SemiSolid platform (dry coating) to improve battery manufacturing.
24M has just announced that the agreement has been finalized and Volkswagen Group acquired a 25% stake in the company.
The next step for Volkswagen Group will be to establish a wholly-owned subsidiary that together with 24M will "develop a SemiSolid battery cell production technology for automotive applications."
As we understand, Volkswagen Group will try to use the 24M's solution for in-house production of its "unified cells." The group invested a three-digit million dollars in the project so far.
Other 24M Technologies partners are GPSC, Kyocera, AXXIVA, LucasTVS, Freyr and Koch Strategic Platforms.
