Advertisement
UK markets closed

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     

  • AIM

    789.87
    +6.17 (+0.79%)
     

  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    48,807.79
    +216.03 (+0.44%)
     

  • CMC Crypto 200

    1,261.13
    -96.88 (-7.13%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     
MONEY:

Best savings accounts that offer above inflation rates

How to earn the most interest on your savings

Swatch Group signed contract with China's Geely for battery - paper

Reuters

ZURICH (Reuters) - Swatch Group (UHR.S) has signed a contract with Chinese car maker Geely [GEELY.UL] 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.

(Reporting by Silke Koltrowitz; Editing by Alison Williams)