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Porsche Is in Talks to Buy Electric-Car Batteries From China

  • Volkswagen’s luxury brand would represent a victory for CATL
  • Carmakers expanding their supply networks to secure batteries
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Preorders for the Taycan electric car have jumped, CEO Oliver Blume says.Source: Bloomberg

Porsche is in discussions to procure electric-car batteries from China’s Contemporary Amperex Technology Co. Ltd., as global automakers widen their supplier networks to secure the key components for future vehicles.

The German carmaker and CATL are “in good talks,” Porsche research and development chief Michael Steiner told reporters Wednesday in the city of Fuzhou, China, adding he meets with CATL management regularly. “They are really catching up.”