https://www.caixinglobal.com/2018-03-08/volkswagen-picks-chinese-...

https://www.caixinglobal.com/2018-0...inese-battery-maker-in-ev-push-101218260.html

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

Representatives at CATL declined to comment.

Volkswagen’s first pure electric model equipped with CATL batteries will hit market this year. The partnership is part of Volkswagen’s plan to launch 80 new electric car models by 2025 and offer a hybrid or all-electric version of all 300 models it produces by 2030.

The German automaker, trying to move beyond its diesel emissions-test scandal, has said it plans to spend more than 50 billion euros ($60 billion) on battery cells............................................... (refer link).