- Swedish carmaker Volvo said on Wednesday it had signed long-term battery supply deals with two Asian battery makers, South Korea’s LG Chem and China’s Contemporary Amperex Technology Co Ltd (CATL).
- Volvo, owned by China’s Geely, is launching electric-vehicle (EV) models under Volvo and its sub-brand Polestar as it takes on global peers including Volkswagen, Tesla and General Motors in the increasingly competitive market for electric vehicles (EVs).