Robert Besser
28 Feb 2025, 10:49 GMT+10
WOLFSBURG, Germany: Volkswagen is strengthening its push into China's electric vehicle (EV) sector by partnering with CATL, the world's largest battery manufacturer, to develop next-generation lithium batteries tailored for the region.
The collaboration aims to enhance battery performance and cost efficiency for Volkswagen's electrified models in China, the German automaker's key market.
A Volkswagen spokesperson confirmed that the companies have signed a statement of intent to create "bespoke batteries with higher performance and more efficient cost structures for specific models in the Chinese market."
Beyond battery development, Volkswagen and CATL plan to expand their partnership into other areas of electrification. According to CATL, future collaborations will include battery recycling initiatives and vehicle-to-grid technology, which allows energy from EVs to be transferred back into the power grid.
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationWOLFSBURG, Germany: Volkswagen is strengthening its push into China's electric vehicle (EV) sector by partnering with CATL, the world's...
NEW YORK, New York - U.S. stocks floundered on Thursday as new trade tariffs were imposed, and those paused were given the green light. ...
LONDON, U.K.: Despite regulatory efforts, unauthorized disposable vapes continue to dominate a significant portion of the U.S. e-cigarette...
WASHINGTON, D.C.: As the deadline for new U.S. steel and aluminum tariffs approaches, manufacturers across the country are already...
BRUSSELS/LONDON: The European Commission is preparing to ease sustainability reporting requirements for businesses as part of a broader...
NEW YORK, New York - U.S. stocks were in disarray again on Wednesday with the Standard and Poor's 500 dropping for the fifth day in...
WASHINGTON, D.C.: The Pentagon announced this week that it will cut 5,400 jobs as part of President Donald Trump's plan to shrink the...
WASHINGTON, D.C.: A proposed 10 percent U.S. tariff on oil imports could deal a US$10 billion annual blow to foreign producers, particularly...
(Photo credit: Trevor Ruszkowski-Imagn Images) The Columbus Crew traveled well last season and look to continue the trend when they...
(Photo credit: Kamil Krzaczynski-Imagn Images) Chicago Cubs second baseman Nico Hoerner will not travel to Japan for next month's...
(Photo credit: Kamil Krzaczynski-Imagn Images) Los Angeles Angels shortstop Zach Neto won't be ready for Opening Day due to his recovery...
(Photo credit: Mike Watters-Imagn Images) Marcelo Mayer went 3-for-3 with an RBI triple and a two-run home run, Roman Anthony added...