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CATL and LG Chem sign Volvo battery supply deals

Wed, 05/15/2019 - 14:10 -- John Shepherd
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.

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