default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Swatch Group Signed Contract with China's Geely for Battery

Swatch Group has signed a contract with Chinese car maker Geely, allowing it to use an innovative battery developed by the watchmaker's research firm Belenos.
Swatch pop watch | Source: Swatch
By
  • Reuters

ZURICH, Switzerland — Swatch Group has signed a contract with Chinese car maker Geely, allowing it to use an innovative battery developed by the watchmaker's research firm Belenos, its chief executive said in an interview on Sunday.

"We're giving Geely the possibly to use our revolutionary battery system," Nick Hayek told NZZ am Sonntag. "This is a first breakthrough for our invention and shows the huge interest industrial firms take in it."

Hayek has said that the performance of the new battery, co-developed with ETH Zurich, is at least 30 percent superior to ordinary batteries.

A memorandum of understanding with Geely was signed mid-May, Hayek said in the interview without giving financial details.

By Silke Koltrowitz; editor: Alison Williams.

In This Article

© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Voices2021
© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
Voices2021