Published

VW Joins Blockchain Group for Sustainable EV Materials

Volkswagen AG has joined a consortium that will use blockchain technology to trace and validate “ethically sourced” minerals, including those used in lithium-ion batteries for electrified vehicles.
#hybrid

Share

Volkswagen AG has joined a consortium that will use blockchain technology to trace and validate “ethically sourced” minerals, including those used in lithium-ion batteries for electrified vehicles.

The group, which includes Ford, IBM and LG Chem, was formed earlier this year. Using IBM’s open-industry blockchain platform, the partners aim to improve the efficiency and transparency in global mineral supply chains to support human rights and environmental protection.

The group includes participants at each major stage of the supply chain from mine to end-user. Approved material suppliers are validated by RCS Global Group for compliance with responsible sourcing standards.

An initial pilot program will focus on cobalt. EV batteries use an average of 20 lbs of the pricey material. Following the pilot program, the consortium plans to add other battery materials and so-called “conflict minerals” to the initiative, including tantalum, tin, tungsten and gold, plus rare earths.

RELATED CONTENT

  • On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint

    GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.

  • On Automotive: An All Electric Edition

    A look at electric vehicle-related developments, from new products to recycling old batteries.

  • Electrically Improving Powertrains

    The good news about downsized powertrains is that they can provide greatly improved fuel efficiency compared to larger engines. The not-so-good news for many drivers of cars with these smaller engines under the hood is that they can lack performance.

Gardner Business Media - Strategic Business Solutions