Finance
Volkswagen, CATL to collaborate in China on lithium battery development
Published by Global Banking and Finance Review
Posted on February 24, 2025
1 min readLast updated: January 26, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on February 24, 2025
1 min readLast updated: January 26, 2026
Volkswagen and CATL are partnering to develop new lithium batteries, with plans to expand into battery recycling and vehicle-to-grid technology.
(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)
The main topic is the collaboration between Volkswagen and CATL on lithium battery development and future expansion into battery recycling and vehicle-to-grid technology.
Vehicle-to-grid technology allows electricity from electric vehicles to be transferred back into the electricity grid, enhancing energy efficiency.
CATL, or Contemporary Amperex Technology Co. Limited, is the world's largest battery maker, specializing in lithium-ion batteries for electric vehicles.
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