Contemporary Amperex Technology Limited (CATL), a supplier of drive battery systems for vehicles, and Toyota Motor Corporation announced recently that they have entered into a comprehensive partnership agreement for the stable supply and further development of New Energy Vehicle (NEV) batteries.
The two companies have also commenced discussions that cover a wide range of fields, including:
• Development and supply of batteries for New Energy Vehicles (NEVs)
• Development of new battery system technologies and improvements to the quality of current cell technology
• Reuse and recycling of batteries
Through this broad-ranging collaboration, CATL will combine its battery development and supply capabilities with Toyota’s electrified vehicle and battery development technologies. With this combination, the two companies will engage in the development of electrified vehicles that are attractive to customers and in further promoting their widespread adoption.
Source: Press Release