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BUSINESS & TECH

Volkswagen Picks Chinese Battery-Maker in EV Push

Volkswagen plans to spend more than $60 billion on battery cells. Above: Volkswagen unveils its BUDD-e electric car in 2016 in the U.S. Photo: IC
Volkswagen plans to spend more than $60 billion on battery cells. Above: Volkswagen unveils its BUDD-e electric car in 2016 in the U.S. Photo: IC

Volkswagen has picked China’s largest electric-car battery-maker, Contemporary Amperex Technology Co. (CATL), to supply batteries in its acceleration in the hot electric-vehicle (EV) market.

Volkswagen Group China’s public relations department confirmed the decision to Caixin on Wednesday. The German auto giant said it will add other battery suppliers for its ambitious EV plan in the future.

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