EIT InnoEnergy and Volkswagen AG have announced a strategic partnership. Both companies are planning joint innovation and investment activities to assist innovative technologies and business models that will contribute to the decarbonization of the transport sector, and accelerate the shift to electromobility. The partnership involves Volkswagen becoming a new shareholder of EIT InnoEnergy.

The new partnership follows five years of cooperation between the two companies. Both companies are also investors in H2 Green Steel and Northvolt, a Swedish vehicle battery company.