CATL and LG Chem sign Volvo battery supply deals

Chinese and Korean battery makers have signed deals to secure the “multi-billon-dollar” long-term supply of electric vehicle batteries for Swedish car firm Volvo.
Volvo said today the agreements with Contemporary Amperex Technology (CATL) and LG Chem would ensure supplies of lithium-ion batteries over the coming decade for its next-generation Volvo and Polestar models.