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VW signs 10-year deal for lithium to be used in electric cars

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VW aims to sell about 22-million electric cars in the coming decade

Employees work at a production line of lithium ion batteries inside a factory in Dongguan, Guangdong province, China on October 16, 2018. File Photo: REUTERS/JOYCE ZHOUGerman car behemoth Volkswagen said Friday it had secured 10 years' worth of lithium for electric car batteries from Chinese manufacturer Ganfeng, ensuring supply of a key ingredient for the vital components.

“Volkswagen is thus already securing a significant share of its lithium requirement,” the group added.

 

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