BEIJING (Reuters) – CATL has signed a strategic cooperation MOU with Volkswagen to deepen partnership in battery R&D, new materials application and components development, the Chinese electric vehicle battery giant said on Friday.
In a separate statement on the deal, Volkswagen China vowed to work with CATL to jointly develop “cost-competitive” battery products and explore battery recycling and swapping among other fields of cooperation.
(Reporting by Beijing newsroom; Editing by Christopher Cushing)
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