Advertisement

Volvo and Polestar: the agreement with LG Chem and CATL for the battery

Advertisement

Published on May 15, 2019

Advertisement

On the supply of batteries will play a part in the competitiveness of the large automobile manufacturers, is grappling with a sector - that of electric vehicles - to a certain extent that is still little known. The Volvo Group - which in 2017 has announced the electrification of all new models starting from 2019, predicting that in 2025 half of its vehicles sold will be composed of hybrid car or electric - certainly does not want to be found unprepared: for this, the Swedish giant has announced the signing of long-term agreements with the company CATL and LG Chem to supply batteries.

CATL, located in China, and LG Chem, a division of the famous technology company in south korea, are among the most renowned manufacturers of lithium-ion batteries developed specifically for the automotive industry. It is manufacturers that meet the requirements set by Volvo Cars-suppliers "in terms of technological excellence, responsibility at the level of the supply chain and cost models-competitive". Not surprisingly, the Volvo Car Group are convinced of the fact that, thanks to the agreements announced, the two companies can meet the need of Volvo and Polestar for the next decade. As explained by Martina Buchhauser, senior vice-president of the Supply division of Volvo Cars,

The fact of having two providers available in each region also gives us a certain flexibility at the level of the supply chain that will be advantageous in the future.A lot of the internal memory and good hardware at affordable price? Honor View 10 Lite is on offer today on to 219 euro. CLICK HERE TO CONTINUE READING

Advertisement

Advertisement

image

Hey friend

Your blog talks about Volvo And Polestar: The Agreement With Lg Chem And Catl For The Battery? Send an email to [email protected] to be indexed in the BitFeed Network

Comments