Volvo Car Group signs multi-billion-dollar battery supply deal

May 15, 2019 — A long-term agreement has been signed between lithium-ion battery company Contemporary Amperex Technology (CATL) and the Volvo Car Group to ensure a multi-billion-dollar¬†supply of lithium-ion batteries over the coming decade for the new models of Volvo and Polestar cars. As early as 2017, Volvo Cars announced its strategic decision of developing […]