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Volkswagen AG is the largest European auto OEM by volume — selling under 10+ marques (VW, Audi, Škoda, SEAT/Cupra, Porsche, Bentley, Lamborghini, Ducati, and the Group's commercial-vehicle/truck arm) across roughly 9 million vehicles a year — and the structurally most China-exposed European automaker (≈35–40% of normalised group operating profit tied to PRC operations through SAIC-VW Shanghai, FAW-VW Changchun, and the majority-owned Volkswagen Anhui at Hefei).
Group exposure score is 83 including 9 tracked subsidiary — standalone is 80.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 13 suppliers. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
VW Group + PowerCo invested US$48m for a 9.9% equity stake and signed a binding 10-year offtake for 100,000 t/yr of spodumene concentrate (~10,000 t LCE) from the Shaakichiuwaanaan Project, Quebec, once it enters production — feeding PowerCo's European and North American cell plants incl. St. Thomas, Canada. Offtake has not started flowing (project pre-production as of this filing). related_party: true because VW/PowerCo holds equity in the supplier. Dossier: docs/intelligence/dossiers/patriot-battery-metals.md Refresh 2026-09-29: offtake not started; destination unstated.
IONWAY, a 50/50 Umicore/PowerCo joint venture (~EUR 3bn combined committed investment), produces precursor and cathode active materials (CAM/pCAM) at Nysa, Poland, supplying PowerCo's Salzgitter cell gigafactory from 2025, ramping to 40 GWh capacity in 2026 and a stated 160 GWh/yr target by 2030. related_party: true — VW/PowerCo co-owns the supplying entity. UPSTREAM FEEDSTOCK (added 2026-09-18, Umicore's own 2023-10-07 Nysa-siting press release, https://www.umicore.com/en/media/newsroom/ionway-first-production-plant-in-nysa/): 'the production facility will benefit from Umicore's nearby CAM knowhow in Nysa and easy access to raw materials from Umicore's refining operations in Finland' — the release does not name the specific Finnish site or which materials (nickel/cobalt/precursor) move from it, so this closes the 'IONWAY's own feedstock sourcing is unresearched' gap only partially: it identifies Umicore's own Finland refining as the feedstock channel, not a third-party mined-ore supplier upstream of that refinery. Total investment now stated at EUR 1.7bn (EUR 1.35bn net of a EUR 350m Polish grant); production start not date-specific (the same 2023-10-07 Nysa release says only that production begins once construction is completed). Dossier: docs/intelligence/dossiers/umicore.md
Multi-year supply agreement (term undisclosed) for advanced conductive carbons and conductive dispersions used in EV battery electrodes at PowerCo. No plant or volume named in the announcement. No in-corpus dossier exists for Cabot Corporation. Source swapped 2026-10-03 from a dead globenewswire release to Cabot's own SEC Form 8-K Exhibit 99.1, which carries the identical press release text.
Reuters exclusive, syndicated (this row cites the Yahoo Finance syndication; also carried by Mining.com/Kitco/MarketScreener), sourced to people familiar with the matter, not a company filing: Baotou Tianhe Magnetics — a maker of NdFeB magnets for EV/hybrid traction motors — was the first of at least four Chinese magnet producers (with Zhongke Sanhuan, Baotou INST Magnetic, Earth-Panda Advanced Magnetic Material) granted a PRC export licence naming Volkswagen as the end customer, weeks after Beijing's April-2025 rare-earth export restrictions. Volkswagen's own on-record statement corroborates the general fact without naming the supplier: \"a limited number of Volkswagen AG's magnet suppliers have been granted export licenses by the Chinese government.\" No supply volume or magnet grade disclosed. This is >16 months stale (2025-04) relative to this dossier's other rows — record as the crisis-era baseline, not current sourcing; no in-corpus dossier exists for Baotou Tianhe Magnetics. Fills this dossier's previously-flagged gap of no named magnet supplier.
Volkswagen Group China's own press release: two non-binding MoUs, not a binding offtake — Huayou is party to BOTH the upstream Indonesia nickel/cobalt raw-material JV (with Tsingshan Group also a party) and a separate downstream JV in Guangxi, China refining nickel/cobalt sulfates, precursor and cathode active material. Upstream JV targets nickel/cobalt raw-material output sufficient for 160 GWh of battery demand at final expansion; no equity split or in-service date given in the primary release (third-party coverage, not re-cited here as primary, put first production around 2025). confidence: secondary because this is a signing-stage MoU, not a confirmed operating supply flow — no post-2022 construction/operational update was found in this search, so treat as an unconfirmed-progress commitment, not a live counterparty relationship. Fills this dossier's previously-flagged gap of no named nickel/cobalt cathode-precursor miner upstream of Umicore/IONWAY (this is a separate, VW-China-direct nickel/cobalt line, not upstream of IONWAY specifically). Dossier: docs/intelligence/dossiers/huayou-cobalt.md. MoU only, not a purchase; no delivery route stated.
Same MoU and press release as the Huayou Cobalt row above: Tsingshan is party only to the upstream Indonesia nickel/cobalt raw-material JV (not the downstream Guangxi refining JV, which is VW + Huayou only). No equity split, no post-2022 progress update found. confidence: secondary for the same reason — signing-stage MoU, not a confirmed operating flow. No in-corpus dossier exists for Tsingshan Holding Group.
SAIC-Volkswagen's own battery-pack JV, named in SAIC Motor's (600104) H1-2026 related-party transaction list as a 合营企业 (joint venture). Row promoted 2026-10-01 from SAIC Motor's own dossier (docs/intelligence/dossiers/600104.md), which already carried this as a primary-source row — not a new search. SAIC Motor's filing discloses only the aggregate 'joint ventures' category total (procurement RMB 86.920bn, sales RMB 20.762bn, H1-2026, unaudited), not a per-entity figure, so no share_pct here either. related_party: true — VW's China battery-cell supply for SAIC-VW-badged vehicles runs through an entity it co-owns, distinct from the wholly-owned PowerCo line above.
Volkswagen's own 2020-05 press release: VW acquired 26% of Gotion High-Tech for ~EUR 1.1bn and Gotion became a certified VW Group battery supplier for local MEB vehicles in China. Row promoted 2026-10-01 from Gotion InoBat Batteries' own dossier (docs/intelligence/dossiers/gotion-inobat.md), which already carried this as the Gotion-parent relationship — distinct from GIB, the separate 80/20 Gotion/InoBat JV building a cell plant in Slovakia, which that dossier documents has NOT been confirmed as a VW offtaker. This row is China-side battery-cell supply via the equity stake only; related_party: true because VW holds equity in Gotion High-Tech.
Adient plc's FY2025 Form 10-K names Volkswagen Group among the global OEMs it has 'longstanding relationships' with (automotive seating). Row promoted 2026-10-01 from Adient Macedonia's own dossier (docs/intelligence/dossiers/adient-macedonia.md), which already carried this as a primary-source row naming VW specifically (not a generic OEM list) — not a new search. The filing does not break out net-sales share by customer or attribute any specific plant (including Adient's two North Macedonian sites) to VW, so this is a confirmed group-level relationship, not a plant- or part-specific one.
Leopold Kostal GmbH & Co. KG named among 11 suppliers honoured with the Volkswagen Group Award 2026, for strengthening supply-chain resilience. Row promoted 2026-10-01 from Kostal Group's own dossier (docs/intelligence/dossiers/kostal-group.md), which already carried this as a primary-source row — not a new search. Kostal's Bulgarian subsidiary (docs/intelligence/dossiers/kostal-bulgaria.md, Pazardzhik plant) separately claims via Bulgarian trade press (secondary, confidence not repeated here) that it supplies VW with ~250,000 mechatronic steering-column modules/year — the product-line detail behind this group-level award, not independently confirmed by VW itself.
Named on Unior's own shareholder-relations page among its Forge-programme automotive OEM customers (alongside Audi, Škoda, Porsche, BMW, Renault, Dacia) for forged steering/undercarriage components. Row promoted 2026-10-01 from Unior Group's own dossier (docs/intelligence/dossiers/unior-group.md), which already carried this — not a new search. No per-customer volume or revenue share disclosed.
Moldovan trade press and the national Investment Agency describe Fujikura Automotive MLD as an almost-exclusive cable-harness supplier to the Volkswagen Group; VW routed new contracts elsewhere after Feb 2022, and the Moldovan plants wound down through 2024 — a CLOSED, not live, relationship. Row promoted 2026-10-01 from Fujikura Automotive Moldova's own dossier (docs/intelligence/dossiers/fujikura-automotive-moldova.md), which already carried this as a primary-source find — not a new search.
Row promoted 2026-10-04 from TRATON SE's own dossier (docs/intelligence/dossiers/8tra-de.md, mirrored into man-truck-bus.md and scania-ab.md) — not a new search. TRATON SE is ~89.7%-owned by Volkswagen AG and is this dossier's own in-corpus subsidiary (8tra-de); TRATON's own newsroom names CATL (alongside Northvolt) as the battery-cell supplier selected via a joint procurement process across all four TRATON brands (MAN, Scania, International Motors, VW Truck & Bus/VWCO), cells assembled into packs at MAN's Nuremberg and Scania's Sodertalje plants, production from 2027. No contract value or order volume disclosed. related_party: false — arm's-length cell supply, no VW/TRATON equity in CATL, distinct from the wholly-owned PowerCo and co-owned IONWAY/SAIC-VW lines above. Northvolt, the second supplier named in the same announcement, is not carried here: it filed Swedish bankruptcy 2025-03-12 and TRATON's own brands (man-truck-bus.md, scania-ab.md) already record the intra-group fallback (Scania now sourcing packs from MAN's Nuremberg line instead).
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
6 other tracked dossiers name this company as a counterparty in its own sourced disclosure — this platform never wrote these rows on this company's own page, they are read here inverted from the dossier that disclosed them. This is a partial view: 986 additional named-counterparty rows across the corpus could not be matched to a tracked dossier by name at all (mostly non-Latin legal names), so the true count is higher than what renders here.
Adient plc's FY2025 Form 10-K names Volkswagen Group among the global OEMs it has 'longstanding relationships' with. The filing does not break out net-sales share by customer or attribute specific plants (including the Macedonia sites) to specific OEMs, so this names the parent-group relationship, not a confirmed Stip/Strumica-specific customer.
Moldovan trade press and the national Investment Agency describe Fujikura Automotive MLD as an almost-exclusive cable-harness supplier to the Volkswagen Group; VW routed new contracts elsewhere after Feb 2022, and the Moldovan plants wound down through 2024.
Volkswagen's May 2020 press release: VW acquires 26 percent of the shares in Gotion High-Tech (GIB's 80% parent) for around EUR 1.1 billion, and Gotion is becoming a certified VW Group battery supplier in China (local MEB vehicles). The release does not mention Slovakia or Europe, and InoBat's GIB page names no customer for the Surany plant; it lists VW only among Gotion's 'strategic cooperation' partners. So VW is a sourced investor/supplier relationship of the parent, NOT a confirmed offtaker of GIB output. Prior text said 24% and cited a dead Wikipedia URL; corrected to the primary source.
Kostal's Pazardzhik plant supplies mechatronic steering-wheel/-column modules to OEM customers including Volkswagen (~250,000 units/year for VW models) and BMW (~100,000 units/year), per Bulgarian trade press covering the plant's 2019 expansion. Original 2026-01 kinsights.capital.bg source now returns HTTP 403; corroborated here via see-industry.com. Refresh r19 2026-09-27: supply is steering-wheel/-column mechatronic modules, not copper; VW receiving plants not named. No corridor credit claimed.
Leopold Kostal GmbH & Co. KG named among 11 suppliers honoured with the Volkswagen Group Award 2026, for strengthening supply-chain resilience (early risk mitigation, transparent assessments, alternative-solution planning).
Named on Unior's own shareholder-relations page among Forge programme automotive OEM customers, alongside Audi, Skoda, Porsche, BMW, Renault, Dacia. No per-customer volume or revenue share disclosed.
Scope. This section is inverted evidence: each linked dossier wrote the original row about itself, describing its own relationship to this company. It is never a claim this company itself disclosed. Absence here is not evidence of no relationship — most of the corpus has no named-counterparty block at all yet.
Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.
Dossier discloses a dysprosium, terbium or samarium material exposure directly — A61 §1(2) names Dy/Tb-containing NdFeB and SmCo magnets by element.
A61's suspension (Announcement 70) lapses 10 Nov 2026 — on the plain text, controls revive automatically. The US DoD CN/RU/IR/KP sourcing bar follows 1 Jan 2027. See the underlying extraterritorial export-control action. We supply the provenance file; we never compute your ratio for you.
As a buyer, policy pressure across its consumed materials is rising.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
🇪🇺 EU accounts for 48% of severity-weighted pressure.