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May 15 - 10:05
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Volvo signs multi-billion deals for EV battery supply
Volvo Car Group has signed long-term multi-billion dollar agreements with leading battery makers CATL and LG Chem. The deal has been made to ensure the supply of lithium ion batteries over the coming decade for Volvo and Polestar models. The agreements cover the global supply of battery modules for all models on the upcoming SPA2 and the existing CMA modular vehicle platforms.
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