According to the official news of CATL, CATL New Energy Technology Co., Ltd. (hereinafter referred to as “CATL”) and Chery Holding Group Co., Ltd. (hereinafter referred to as “Chery Group”) ) signed a strategic cooperation framework agreement.
According to the agreement, CATL and Chery Group will carry out all-round cooperation in the fields of products, commerce, marketing, and business information resources. In addition to passenger car battery supply and technical cooperation, the two parties will also jointly explore public transportation, new energy, three-electric integration, and battery replacement in the fields of buses, logistics vehicles, heavy trucks, and electric ships, so as to promote and lead the industry in high-quality develop.
This signing marks CATL and Chery Group’s official start of comprehensive strategic cooperation. The two parties will make full use of their respective advantageous resources to jointly develop new energy vehicle markets at home and abroad. The conclusion of this deepened cooperation is conducive to enhancing the market competitiveness of both parties, promoting the sustainable development of the new energy industry and the popularization of electric vehicles, and jointly contributing to the realization of the global carbon neutral goal.
Recently, Chery Holding Group Co., Ltd. underwent industrial and commercial changes, and its shareholder added Ningbo Meishan Bonded Port Area Winding Investment Co., Ltd., holding about 3.73% of the shares. The latter is a wholly-owned subsidiary of CATL New Energy Technology Co., Ltd. company.
CATL and Chery have cooperated before. On June 21, Yibin Times Cowin New Energy Technology Co., Ltd. was registered and established. The company was jointly established by CATL and Cowin Automobile, with shareholding ratios of 51% and 49% respectively. . Cowin Automobile is a state-owned joint-stock enterprise controlled by Yibin Auto Industry Development Investment Co., Ltd., Chery Automobile Co., Ltd., and Sichuan Yibin Push Group Co., Ltd. Among them, Chery Automobile holds nearly 48% of the shares, making it the second largest shareholder.
In addition, CATL also signed a memorandum of cooperation with Huawei Terminal Co., Ltd. in Ningde, Fujian today. The two parties will actively discuss the Huawei smart car project to achieve complementary advantages and win-win cooperation. Huawei Terminal will recommend CATL as the first preferred partner of Huawei’s smart car partner for automotive power batteries. CATL will provide Huawei’s smart car project with high-quality automotive power battery products with market competitiveness to support Huawei’s smart car products to market faster and fully guarantee the innovation and leadership of Huawei’s smart car products.
