Volkswagen plans to gradually switch the type of battery used in its electric vehicles, three sources with knowledge of the matter said on Monday, moving away from the technology supplied under current deals with South Korea's LG Energy Solution and SK Innovation.
Volkswagen plans to use the prismatic type of battery, increasingly turning to supplies from China's Contemporary Amperex Technology Co Ltd , South Korea's Money Today online news site reported earlier on Monday, citing unnamed South Korean battery industry sources.The German carmaker declined to comment. Volkswagen plans to announce its battery procurement plans at its Power Day event on Monday, Money Today reported.
LG Energy Solution, a unit of LG Chem, said it does not comment on market speculation, while SK Innovation declined to comment.