BEIJING, April 27,
2024 /CNW/ -- On April
25, 2024, CATL
(SZ:300750) and Beijing Hyundai signed a strategic
partnership agreement at Auto China 2024 to cooperate on Beijing
Hyundai's EV projects and to power future Beijing Hyundai electric
models with CATL batteries.
As a joint venture with a deep presence in China for 21 years, Beijing Hyundai has sold
over 12 million vehicles in China,
proving reliable vehicle manufacturing capabilities. Since its
cooperation with CATL began in 2017, Beijing Hyundai has launched a
series of popular models with cumulative sales exceeding 200,000
units.
With the new agreement in place, Beijing Hyundai is
expected to unleash a wave of over 10 leading global models
equipped with CATL's latest battery technology including CTP and
NP. CATL will leverage its technological advantages to work
with Beijing Hyundai to create high-quality automotive products and
support Beijing Hyundai's business growth in China. A shared focus on product development
ensures a win-win for both companies.
CATL has established and strengthened partnership with Hyundai
over the past years. In October 2021,
CATL and Hyundai Mobis Co., Ltd. (MOBIS) signed a technology
licensing and partnership agreement, according to which CATL will
introduce and disclose its CTP (cell to pack) technology to MOBIS
as well as support MOBIS in the supply of related CTP products not
only in South Korea, but also
worldwide.
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SOURCE Contemporary Amperex Technology Co., Limited (CATL)