Chinese automakers are taking steps to diversify their battery supply chains by exploring alternatives to the dominant supplier, CATL. The move reflects growing concerns over over-reliance on a single source amid rising geopolitical tensions and supply chain vulnerabilities. Volvo Cars and its parent company, which also owns Lotus, are among those actively seeking partnerships with other battery manufacturers. This shift could reshape the competitive landscape in the electric vehicle sector as companies prioritize stability and self-sufficiency.
Volvo Cars and Lotus owner is among Chinese carmakers seeking to reduce dependence on market leader CATL
