May 15, 2019

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CATL and Volvo Cars sign long-term agreement in lithium ion batteries deal | Technology

CATL and Volvo Cars sign long-term agreement in lithium ion batteries deal | Technology

The China-based battery producer and expertise agency, Contemporary Amperex Technology Co. (CATL), and the world’s high tier OEM Volvo Car Group (Volvo Cars) has signed a long-term agreement to make sure multi-billion-dollar provide of lithium ion batteries through the subsequent decade for subsequent technology Volvo and Polestar fashions.

It is anticipated that the agreement will cowl the worldwide provide of battery modules for all fashions on the upcoming SPA2 in addition to the present CMA modular automobile platforms.

From the start of 2017, Volvo Cars confirmed it could start the method of general electrification as a forward-looking pioneer in the automotive sector.

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With clients on the forefront of CATL’s decision-making, CATL will supply localized providers in collaboration with an area crew in Sweden for localised battery provide providers in addition to extra environment friendly communications.

In order to assist Volvo Cars’ improve the sustainability, transparency and effectivity of its general provide chain, CATL is anticipated to observe Volvo Cars’ sustainable growth technique by utilising clear vitality for battery manufacturing, monitoring and managing uncooked materials provide.

The agreement might be seen as a major step in the direction of engaging in Volvo Cars’ electrification technique in addition to CATL’s international growth. A spokesperson for CATL commented: “CATL and Volvo share the same vision in this new energy career, so we choose to realize it together. With advanced and reliable battery solutions, we will support Volvo to create world-leading electric vehicles that serve global consumers.”

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