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VW Group signs $1.4B battery deal with Wanxinag Group to ensure security of supply in China

Tue, 08/04/2020 - 08:29 -- Paul Crompton

China battery maker Wanxinag Group has secured a $1.4 billion deal to supply German vehicle OEM Volkswagen Group (VW) with lithium-ion batteries.

The deal, through the China firm’s subsidary Wanxiang A123 (Wanxiang bought battery maker A123 in 2012), gives VW a second China lithium-ion cell supplier alongside Contempoary Aperex Technology (CATL). 

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