© Reuters. Volkswagen Group’s annual general meeting in Berlin

FRANKFURT (Reuters) – Volkswagen (DE:) is intensifying talks with Swedish startup Northvolt on plans to jointly build up battery cell production in Salzgitter, near its headquarters in Lower Saxony, one of its board members told a German newspaper.

Volkswagen earlier this month pledged to spend 1 billion euros ($1.12 billion) on the project, which it says depends on certain economic pre-conditions, such as subsidized electricity.

In an interview published on Saturday, Volkswagen board member Stefan Sommer told Boersen-Zeitung he was confident that battery cell production in Salzgitter would be realised.

“We will intensify our talks over the next weeks with regard to a more detailed planning,” he was quoted as saying, adding Volkswagen was also looking at other locations in Europe for potential battery cell production, not specifying further.

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