Robert Besser
28 Feb 2025, 10:49 GMT+10
WOLFSBURG, Germany: Volkswagen is strengthening its push into China's electric vehicle (EV) sector by partnering with CATL, the world's largest battery manufacturer, to develop next-generation lithium batteries tailored for the region.
The collaboration aims to enhance battery performance and cost efficiency for Volkswagen's electrified models in China, the German automaker's key market.
A Volkswagen spokesperson confirmed that the companies have signed a statement of intent to create "bespoke batteries with higher performance and more efficient cost structures for specific models in the Chinese market."
Beyond battery development, Volkswagen and CATL plan to expand their partnership into other areas of electrification. According to CATL, future collaborations will include battery recycling initiatives and vehicle-to-grid technology, which allows energy from EVs to be transferred back into the power grid.
Get a daily dose of Japan Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Japan Herald.
More InformationBEIJING/WELLINGTON: New Zealand's Prime Minister Christopher Luxon commenced his visit to China on June 17, seeking to strengthen trade...
New Delhi [India], June 24 (ANI): Defence Minister Rajnath Singh will lead a high-level Indian delegation at the Shanghai Cooperation...
LHASA, June 24 (Xinhua) -- At 10:30 a.m. on Monday, Dundrup Tsering, a businessman from Nepal, waited at Lektse Port in the city of...
CHENGDU, June 24 (Xinhua) -- How can people in remote and underdeveloped areas access advanced healthcare services? Can tailored medical...
Srinagar (Jammu and Kashmir) [India], June 24 (ANI): In an exclusive interview with ANI, Peoples Democratic Party (PDP) President Mehbooba...
Srinagar (Jammu and Kashmir) [India], June 24 (ANI): In an exclusive interview with ANI, Peoples Democratic Party (PDP) President Mehbooba...
BARCELONA, Spain: Residents of Barcelona have devised a novel way to protest the presence of tourists in their city. Using a cheap...
CHICAGO, Illinois: For the first time in history, U.S. officials are considering a coordinated plan to vaccinate poultry against bird...
NEW YORK, New York - U.S. stocks made strong gains on Monday, brushing off concerns Donald Trump's surprise ambush of Iranian nuclear...
NEW YORK CITY, New York: The U.S. bombing of Iranian nuclear sites has cast a shadow over global markets, with investors bracing for...
SANTAREM, Brazil: As Brazil cements its position as the world's top soy exporter, a new wave of deforestation is spreading across the...
ZURICH, Switzerland: A wave of central banks across Europe surprised markets last week by lowering interest rates, responding to easing...