CATL and Changan Automobile signed a cooperation agreement

Recently, Ningde Times New Energy Technology Co., Ltd. (hereinafter referred to as Ningde Times) and Chongqing Changan Automobile Co., Ltd. (hereinafter referred to as Changan Automobile) signed a strategic cooperation agreement in Ningde. Ningde Times Chairman Zeng Yuqun, President Zhou Jia, Changan Automobile Chairman Zhu Huarong, and Executive Vice President Tan Benhong attended the signing ceremony.
CATL is the world’s leading lithium-ion battery R&D and manufacturing company, focusing on the R&D, production and sales of new energy vehicle power battery systems and energy storage systems, and is committed to providing first-class solutions for global new energy applications. Since Changan Automobile announced its third venture, it has unswervingly promoted the implementation of the “Beidou Tianshu” intelligent strategy and the “Shangri-La” new energy strategy, accelerating the transformation from a traditional automobile company to an intelligent mobility technology company.
Regarding cooperation with Ningde Times, Changan Automobile stated on the interactive platform in July that Ningde Times occupies a leading position in the upstream battery field of new energy vehicles. In order to ensure its own development, Changan Automobile has strengthened its cooperation with Ningde Times. In 2017, it invested in Ningde Times by acquiring the fund shares of Zhenjiang Demao Hairun Equity Investment Fund Partnership (Limited Partnership).
The signing of a strategic cooperation agreement between the two parties will establish a long-term and in-depth partnership in the fields of smart connected electric vehicles and smart energy ecology, achieving complementary advantages, mutual benefit and win-win results, and jointly promoting the construction and development of China’s new energy vehicle industry ecology .