Verified Nov 2026
Batteries & E-Mobility
·
Boston, Massachusetts
·
Since 2022
PowerCo is a battery cell manufacturer founded in 2022 and headquartered in Salzgitter, Germany, according to its public profile, though the record lists its HQ as Boston, Massachusetts, a discrepancy to verify. The company develops and produces new-generation battery cells for electric mobility, renewable energy storage, automotive, electronics and industrial equipment users. It is privately held, employs an estimated 1,000 to 5,000 people, and has an estimated revenue band of $500M to $1B. On 17 December 2025, it commissioned its Salzgitter gigafactory, starting European battery cell production.
PowerCo at a glance
Revenue
$500M-1B
Est. band
Employees
1,000-5,000
Founded
2022
Headquarters
Boston, Massachusetts
Import activity
99
Industries
Automotive
Electric Vehicles
Electronics
Renewable Energy
Industrial Equipment
Sourcing and import activity
From US customs bill-of-lading records
US sea imports
99
Named foreign suppliers
4
Top origins
Germany · Netherlands · Belgium · Finland
Shared foreign counterparties do not establish that these companies buy from PowerCo.
What this tells a buyer
No customs data is available for PowerCo, so its trade footprint cannot be assessed from the record; its most recent reported development is the commissioning of its Salzgitter gigafactory on 17 December 2025.
PowerCo lists battery and coating as its products, and its stated focus is vertical integration of the battery cell supply chain across development and manufacturing.
PowerCo is privately held, and its reported gigafactories in Salzgitter, Valencia and St. Thomas are planned to reach a combined capacity of up to 200 GWh.
Source: US customs bill-of-lading records and public filings · Last verified Nov 05, 2026
Overview
PowerCo is a battery cell manufacturer founded in 2022 and headquartered in Salzgitter, Germany, according to its public profile, though the record lists its HQ as Boston, Massachusetts, a discrepancy to verify. The company develops and produces new-generation battery cells for electric mobility, renewable energy storage, automotive, electronics and industrial equipment users. It is privately held, employs an estimated 1,000 to 5,000 people, and has an estimated revenue band of $500M to $1B. On 17 December 2025, it commissioned its Salzgitter gigafactory, starting European battery cell production.
At a glance
Attribute | Detail |
|---|---|
Founded | 2022 |
Headquarters | Boston, Massachusetts |
Employees | 1,000-5,000 |
Revenue | $500M-1B (estimated) |
Primary capability | Batteries & E-Mobility |
What PowerCo makes
PowerCo lists battery and coating as its products, and its stated focus is vertical integration of the battery cell supply chain across development and manufacturing.
Products and capabilities described on the company's own site include Battery, Coating (source: powerco.de).
Trade and customs footprint
No customs data is available for PowerCo, so its trade footprint cannot be assessed from the record; its most recent reported development is the commissioning of its Salzgitter gigafactory on 17 December 2025. US customs bill-of-lading records list 99 inbound shipments across 4 foreign suppliers, with top origins including Germany · Netherlands · Belgium · Finland.
Latest developments
2026-11-04 — Gotion shareholders approve €3.22 billion battery JV plans with PowerCo in Europe, Morocco - Energy Storage (ess-news.com)
2026-06-11 — Previse Systems to support PowerCo in Power Procurement for Its Battery Cell Gigafactories - CTRM Center (ctrmcenter.com)
2026-03-25 — René Reif appointed new Chief Operations Officer of PowerCo SE | Volkswagen Group (volkswagen-group.com)
2025-12-17 — Start of European battery cell production: PowerCo commissions Salzgitter gigafactory | Volkswagen Group (volkswagen-group.com)
2025-10-28 — Press Release 10/28/2025 (powerco.de)
2025-08-21 — VW's PowerCo awards two contracts toward St. Thomas EV battery plant (financialpost.com)
Company details
PowerCo is privately held, and its reported gigafactories in Salzgitter, Valencia and St. Thomas are planned to reach a combined capacity of up to 200 GWh. PowerCo was founded in 2022, has an estimated 1,000-5,000 employees, and is headquartered in Boston, Massachusetts.
Frequently asked questions
What does PowerCo make?
PowerCo is a battery cell manufacturer founded in 2022 and headquartered in Salzgitter, Germany, according to its public profile, though the record lists its HQ as Boston, Massachusetts, a discrepancy to verify. The company develops and produces new-generation battery cells for electric mobility, renewable energy storage, automotive, electronics and industrial equipment users. It is privately held, employs an estimated 1,000 to 5,000 people, and has an estimated revenue band of $500M to $1B. On 17 December 2025, it commissioned its Salzgitter gigafactory, starting European battery cell production.
Where is PowerCo headquartered?
PowerCo is headquartered in Boston, Massachusetts (59 Temple Place, Boston, Massachusetts, 02111).
When was PowerCo founded?
PowerCo was founded in 2022.
How big is PowerCo?
PowerCo has an estimated 1,000-5,000 employees, with revenue in the $500M-1B range (estimated).
Does PowerCo import from overseas suppliers?
US customs bill-of-lading records show 99 inbound shipments for PowerCo, with top origins including Germany · Netherlands · Belgium · Finland.
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Last verified Nov 2026. Is this your company? Request a correction.
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