Volkswagen Group (China) and CATL Jointly Promote the Electrification Process

On February 21st, Volkswagen Group (China) and CATL announced the signing of a strategic cooperation memorandum. Leveraging their respective strengths, both parties will focus on technological innovation and product upgrades, comprehensively deepen their cooperation in the research and development of lithium batteries for new energy vehicles, application of new materials, and component development fields, jointly developing ‘technologically advanced and cost-competitive’ battery concepts and products.

In the future, both parties will also focus on power batteries, further explore areas such as battery recycling, swapping, V2G, carbon reduction, and transparent supply of raw materials.

According to official data from Volkswagen Group, in 2024 Volkswagen Group delivered approximately 9.03 million new vehicles, a decrease of 2.3% compared to the previous year. Among them, the delivery volume of pure electric vehicles was 744,800 units, a decrease of 3.4% year-on-year.

By region, in 2024 Volkswagen Group delivered 2.928 million vehicles in the Chinese market, a decrease of 10% compared to the previous year. The growth in North America (+6%) and South America (+15%) was offset by declines in Europe (-0.1%) and China (-10%).

Volkswagen Group stated that the share of pure electric vehicles for the entire year last year was at 8.3%, with more deliveries of pure electric vehicles in China (+8%), while development declined in the United States (-30%). Despite lower delivery volumes (with a market share of about 21%), Volkswagen Group remains a leader in Europe’s pure electric vehicle market.

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