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Porsche in Talks with CATL on EV Batteries

Volkswagen AG’s Porsche unit has met several times with Contemporary Amperex Technology Ltd. about the Chinese company supplying lithium-ion batteries for future electric vehicles.
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Volkswagen AG’s Porsche unit has met several times with Contemporary Amperex Technology Ltd. (CATL) about the Chinese company supplying lithium-ion batteries for future electric vehicles.

The companies are having “good talks,” Michael Steiner, Porsche research and development chief, tells reporters. He didn’t say when a decision would be made.

Porsche’s first EV, the upcoming Taycan sport sedan, uses a 93.4-kWh battery supplied by South Korea’s LG Chem. That vehicle, which was unveiled earlier this week, will be launched globally later this year.

CATL is in the process of building a factory in Germany and has secured a deal to supply batteries to BMW. Earlier this week, CATL announced a partnership with Robert Bosch GmbH to provide battery cells for next-generation mild-hybrid systems.

CATL currently provides batteries for EVs in China, including the Audi Q2L that the German carmaker makes with local partner FAW Group. In June, Toyota announced plans to work with several battery suppliers—including BYD, CATL, GS Yuasa and Toshiba—in China.

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