BEIJING, Feb 21 (Reuters) – In a significant move to drive the global electric vehicle revolution, Contemporary Amperex Technology Limited (CATL), a leading Chinese EV battery manufacturer, has inked a strategic cooperation agreement with Volkswagen Group. The memorandum of understanding (MOU) aims to strengthen their partnership in battery research and development, new materials application, and components development.
Under this collaboration, CATL and Volkswagen will jointly work on developing cost-competitive battery products. Additionally, both parties have committed to exploring opportunities in battery recycling and swapping, further enhancing sustainability in the automotive industry.
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