Volkswagen plans to acquire 20% of Chinese battery maker Guoxuan, Reuters reports, accelerating the German giant’s foray into China’s growing EV market. At current prices, the 20% stake would be worth about $560 million. Volkswagen is currently the top foreign automaker in China, and has set a goal of selling 1.5 million new energy vehicles… Read more »
Battery producer Contemporary Amperex Technology (CATL) and Daimler Trucks & Buses have signed an agreement for CATL to provide Daimler with Li-ion battery modules beginning in 2021. The agreement covers the Mercedes-Benz eActros, Freightliner eCascadia and Freightliner eM2 electric trucks. Frank Reintjes, Daimler’s Head of Global Powertrain, E-Mobility and Manufacturing Engineering, said, “We are constantly… Read more »