Hyperdrive
Volvo Cars Battles Parts Scarcity in Electrification Push
- Battery supply deal with China’s CATL to help ease bottlenecks
- Lack of inverters, batteries, chargers hold back production
Cables sit in the trunk of a Polestar 1 electric automobile, manufactured by Volvo.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
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Volvo Cars is hoping battery deals with Asian suppliers will help it overcome hurdles in an ambitious electrification strategy that’s struggling with a shortage of components.