The Chinese battery giant will collaborate with Volkswagen on electric vehicle batteries, new materials and other auto parts.

Chinese battery giant Contemporary Amperex Technology (CATL) (SZ:300750) has signed a memorandum of understanding with Volkswagen AG (OTC:VWAGY) (ETR:VOWG), strengthening their collaboration on battery technology

BEIJING (Reuters) - CATL has signed a strategic cooperation MOU with Volkswagen to deepen partnership in battery R&D, new materials application and components development, the Chinese electric vehicle battery giant said on Friday.

Italy’s competition watchdog launched separate investigations into whether the companies failed to inform customers about limitations of their EV batteries and warranties.

The Italian Competition Authority is investigating potential breaches of consumer protection laws regarding driving range, battery degradation, and warranty limitations.

Italy's antitrust agency said on Friday it had opened a probe on BYD , Stellantis , Tesla and Volkswagen for allegedly misleading consumer information on their electric vehicles.