PowerCo SE
Chenchen Zhang is a Senior Project Manager at PowerCo SE since May 2023, focusing on financial strategy and project management for vertical integration and M&A initiatives. Prior to this role, Chenchen served as a Senior Manager for transformation projects at Merck KGaA, overseeing financial planning in restructuring contexts. Chenchen's earlier experience at PwC included roles as Manager and Senior Consultant in Valuation, Modelling & Analytics, specializing in mergers and divestitures. Chenchen started the career with internships at Daimler AG and PwC, gaining valuable experience in HR and transfer pricing. Chenchen holds a Master's Degree in Finance from The London School of Economics and a Bachelor's Degree in Business Administration from the University of Mannheim.
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PowerCo SE
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The Volkswagen Group is bundling its global battery activities in the European company (SE) PowerCo. From Salzgitter, the company will, with immediate effect, manage international factory operations, the further development of cell technology, the vertical integration of the value chain and the supply of machinery and equipment to the factories. Looking ahead, further products such as major storage systems for the energy grid are planned. Since its launch in July 2022, PowerCo has already decided three gigafactory locations: Salzgitter in Germany, Valencia in Spain and St. Thomas in Canada. The company plans to set up cell factories with a total capacity of 240 GWh/year in 2030.