In the News
Vertical Integration - Volkswagen invests in mines to secure battery supply
18th March 2023
An interesting example of backward vertical integration for you, with VW announcing plans to invest in mines to provide the raw materials required to produce electric batteries.
However, apart from implying that this investment is going to be in Canada, where it's planning to build a battery factory, there's little further detail, although the battle for raw materials is an increasingly important part of competition in the electric car sector.
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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