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

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China's CATL signs multi-billion-dollar battery supply deal with Volvo
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China's top battery maker, Contemporary Amperex Technology Co Ltd (CATL), s...

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

BEIJING - China’s top battery maker, Contemporary Amperex Technology Co Ltd , 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.

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