VW Plans JV With Varta For Electric Car Batteries

News: German automaker Volkswagen (VW) is planning to set up a joint venture (JV) with German battery maker Varta Microbattery GmbH for the manufacture of batteries for electric cars, according to Reuters. The JV will be aimed at research and development of technologically advanced lithium-ion batteries. VW aims to come out with its first electric car by 2013

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