Mainland Chinese battery-maker CATL and German automaker Volkswagen have entered into a strategic collaboration on electric vehicle battery technology, as announced by CATL. Under a memorandum of understanding (MOU), the partnership will focus on advancing research and development in the battery sector, incorporating new materials, and enhancing component development.
Volkswagen China, in a distinct declaration regarding the agreement, emphasized its commitment to collaboratively work with CATL on the development of cost-effective battery solutions.
Furthermore, the partnership aims to explore various cooperative endeavors, including battery recycling and swapping, to bolster its position in the EV industry.
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