Volvo strikes a deal with CATL and LG Chem for supplying batteries for Polestar and Volvo EVs

15 May 2019, 07:32:47

Volvo strikes a deal with CATL and LG Chem for supplying batteries for Polestar and Volvo EVsVolvo has made a "multi-billion dollar" agreement with CATL and LG Chem for long-term supply of lithium-ion batteries for the future Volvo electric cars and Polestar models. The batteries will be fitted on vehicles from the existing CMA modular platform and the upcoming SPA2 modular platform. Vehicles based on the CMA platform include the upcoming all-electric Volvo XC40, Polestar 2 and LYNK & CO models. The Scalable Product Architecture (SPA) platform will be launched early in the next decade. It currently underpins all Volvo models in the 60 and 90 series. The first Volvo to be launched on SPA2 will be the next generation of the XC90 large SUV.

Volvo's first battery assembly line in Ghent, Belgium is currently in construction and should be ready by the end of the year. The first all-electric model from the brand to be built there is the Volvo XC40. PHEV versions of the model are already built in this plant.

"The future of Volvo Cars is electric and we are firmly committed to moving beyond the internal combustion engine," said Håkan Samuelsson, President and CEO of Volvo Cars. "Today's agreements with CATL and LG Chem demonstrate how we will reach our ambitious electrification targets."

"With today's agreement we effectively secured our battery supply for the upcoming decade," said Martina Buchhauser, Senior Vice President for Procurement at Volvo Cars. "By having two suppliers available in each region we also ensure that we have flexibility in our supply chain going forward."

"With these suppliers in place we have the secure knowledge that our electric performance cars will be powered by high-quality batteries that our customers can rely on," comments Thomas Ingenlath, Chief Executive Officer of Polestar.

"CATL and Volvo share the same vision in this new energy career, so we choose to realize it together." A spokesperson of CATL said, "With advanced and reliable battery solutions, we will support Volvo to create world-leading electric vehicles that serve global consumers."Source

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EV Specifications

Complete specifications of EVs, grouped according to their brand and year

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Width: 71.1 in / 1805 mm
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Electric motor: 150 kW @ 3800 - 8000 rpm, 395 Nm, Location: Front
Battery: 64 kWh, Voltage: 356 V

2022 Tesla Cybertruck

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2021 Ford Mustang Mach-E

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Length: 186.0 in / 4724 mm
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2020 Tesla Model X

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Electric motor #2: 193 kW @ 6100 - 6800 rpm, 330 Nm, Location: Front
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2020 Tesla Model S

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Electric motor #2: 147 kW, Location: Front
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