Volkswagen, Bosch give up joint venture plans for battery cells


FILE PHOTO: A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado

(Reuters) - Volkswagen and Bosch have cancelled their plans to create a joint venture to equip battery cell factories, Bosch said on Thursday.

"We are not setting up a joint venture," Bosch Chief Executive Officer Stefan Hartung said, adding that the partnership with the German carmaker to digitise its battery factories would continue.

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