China’s CATL signs multi-billion-dollar battery supply deal with Volvo

CATL is really booming in recent years

BEIJING (Reuters) – China’s top battery maker, Contemporary Amperex Technology Co Ltd (CATL), said it had signed a multi-billion dollar battery supply deal with Volvo Car Group.

The deal to supply lithium ion batteries will support all of Volvo’s models on current and next-generation vehicle platforms, the Ningde-based company said in a statement on Wednesday.