“To decarbonise the transport sector, we will need a wide range of innovations. To achieve this goal, in addition to our activities, in the future we will increasingly rely on collaboration with start-ups – he has declared Jens Wiese, Head of M&A, Investment Advisory and Partnerships of the Volkswagen Group – The partnership with EIT InnoEnergy will help us identify the most promising companies in all areas of the energy transition, which will then be supported in the application of their business models ”. The Volkswagen Group and EIT InnoEnergy have a partnership of over five years. As key players of the European Battery Alliance (EBA), they are heavily involved in the development of an internationally competitive European battery industry. This is expected to generate an annual contribution to GDP of 250 billion euros from 2025, and create four million direct and indirect jobs. The two companies also share a commitment as investors in H2 Green Steel, a Swedish green steel producer, and Northvolt, a Swedish battery company. During the “Power Day” in March, the Volkswagen Group announced the construction of six gigafactories in Europe by 2030 together with partners, with a total production of 240 GWh.
“The transport sector is undergoing one of the most radical transformations ever – he added Diego Pavia, CEO of EIT InnoEnergy –Car manufacturers are faced with a choice: drive this transition or be driven. The Volkswagen Group has seized the opportunity to be at the forefront of this change and to shape it. Therefore, it makes us even more proud to have him on board as a new shareholder and to take our partnership to the next level. Looking at our 300 portfolio companies across all branches of sustainable energy, joining forces with the Volkswagen Group has enormous potential to accelerate the decarbonisation of the transport sector ”.
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