Volkswagen invests $69M in Patriot Battery Metals for 9.9% stake, aiming to expand EV presence.

From Nasdaq: 2024-12-19 11:25:00

Volkswagen AG and PowerCo invest CAD69 million in Patriot Battery Metals for a 9.9% stake. The deal includes a 10-year offtake agreement for spodumene concentrate, supporting PowerCo’s battery production. Volkswagen aims to expand its North American EV presence with this partnership and other investments in the region.

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Read more at Nasdaq: Volkswagen Invests CAD69M in Patriot to Acquire 9.9% Stake