Finance
Volkswagen, CATL to collaborate in China on lithium battery development
Volkswagen, CATL to collaborate in China on lithium battery development
Published by Global Banking and Finance Review
Posted on February 24, 2025
(Reuters) - Volkswagen Group and CATL, the world's largest battery maker, signed a statement of intent to collaborate on product development for new lithium batteries, CATL said on Monday.
The partnership will later extend to other areas for electrified vehicles like battery recycling and vehicle-to-grid technology, where electricity from the car is transferred back into the electricity grid, CATL said.
(Reporting by Victoria Waldersee, Editing by Miranda Murray)
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