A long-term agreement has been signed between Contemporary Amperex Technology Co., Ltd. (CATL) and the world's top-tier OEM Volvo Car Group (Volvo Cars) to ensure multi-billion-dollar supply of lithium ion batteries over the coming decade for next generation Volvo and Polestar models.
The agreement covers the global supply of battery modules for all models on the upcoming SPA2 and the existing CMA modular vehicle platforms. As early as 2017, Volvo Cars announced its strategic decision of overall electrification as a forward-looking pioneer in car industry. This cooperation represents a major step towards realizing Volvo Cars' ambitious electrification strategy, as well as a milestone in CATL's global development.
Volvo Cars
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