VW China chief says in talks with 5 potential battery cell suppliers
SHANGHAI, April 15 () - Volkswagen VOWG_p.DE wants to broaden its base of battery cell suppliers in China beyond CATL and is reviewing five companies to see whether they can meet quality and volume requirements for the multi-brand group.
"We are working with five battery cell suppliers qualifying them to group level. With one or two of them it may lead to more close cooperation. In China we have chosen to do this with Chinese players," Stephan Woellenstein (55), CEO of Volkswagen China Passenger Cars said in Shanghai on Monday.
The push to broaden the company's supplier base reduces VW Group's dependency on CATL as its main supplier, Woellenstein said at the Shanghai Auto Show.
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