May 15, 2019 / 4:51 AM / 7 days ago

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

FILE PHOTO: A sign of Chinese battery maker Contemporary Amperex Technology Ltd (CATL) is seen on its building in Ningde, Fujian province, China August 8, 2018. REUTERS/Stringer

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.

Reporting by Yilei Sun and Brenda Goh; Editing by Stephen Coates

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