Swiss watch giant Swatch has signed a memorandum of understanding with Chinese automaker Geely Automobile, allowing Geely to use the innovative battery developed by Swatch's Belenos in future new energy vehicles. The battery performance is expected to increase by 30% over the industry standard.

Swatch Group CEO Nick Hayek said: "We have started testing a battery prototype in the town of Itingen (Switzerland) in Basel, and will also test the first battery in cooperation with Geely." The battery was developed by Swatch's Belenos company. It is reported that the product still takes two to three years to obtain the relevant certification, the weight is one-third lighter than the battery developed by Panasonic for Tesla , but the charging speed is twice as fast.

In recent years, Swatch Group has plans to develop electric vehicle batteries. It is very good to research and develop new types of batteries. It is a good idea to seek cooperation with wealthy people such as Geely. According to the plan of Geely Automobile's "Blue Action", by 2020, its new energy vehicles will account for 90% of the total sales, and the cooperation between the two sides on the vehicle battery can be described as a hit.

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