According to a press release issued by Volvo Car Group, Volvo Cars announced the signing of a strategic cooperation memorandum with CATL, and the two parties will carry out in-depth cooperation in the field of battery cycle closed-loop management.
According to the agreement between the two parties, Volvo Cars will recycle retired batteries from its new energy vehicles sold on the market in the future, as well as batteries scrapped during factory production, and hand them over to Volvo-certified downstream suppliers to dismantle the used batteries and extract them. More than 90% of nickel, cobalt, lithium and other metal materials. CATL will use these newly extracted recycled materials to produce new batteries and use them in the production of new Volvo Cars cars.
Not long ago, in late March, Volvo officially stopped producing diesel-engine vehicles, marking that it is further accelerating its goal of becoming a pure electric brand by 2030. On March 26, the last Volvo diesel car – a blue XC90 SUV with a 2.0-liter turbocharged engine – rolled off the assembly line at the Torslanda plant in Sweden. The car will be on display at the new Volvo Museum, which opens on April 14, and become a piece of history.
This also marks the end of Volvo’s 45-year relationship with diesel engines and makes Volvo the first large traditional car manufacturer to completely abandon diesel power.
Also in late March, Volvo announced a cooperation with Breathe Battery Technologies (“Breathe”), becoming the first car company to obtain its latest patented algorithm charging software, which will be used in Volvo Cars’ new generation of pure electric vehicles on the product. Volvo Cars has integrated Breathe software into its self-developed battery management system to optimize and improve the performance of charging technology, thereby “significantly shortening user charging time” and improving the overall driving and charging experience.
