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'We are not setting up a joint venture', VW and Bosch cancel plans for battery cells

May 4, 2023 9:22 AM EDT

Bosch announced Thursday along with German carmaker, Volkswagen that the two companies have cancelled their plans to create a joint venture to equip battery cell factories.

The joint venture, announced at the beginning of 2022, was designed to deliver battery production systems, as well as assisting battery cell manufacturers... More