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CATL Expands Partnership with VinFast By Investing.com

© Reuters. CATL Expands Partnership with VinFast
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By Michael Elkins 

Contemporary Amperex Technology (SZ:) and VinFast have announced the signing of a memorandum of understanding for Global Strategic Cooperation to expand collaboration in areas including CIIC (CATL integrated intelligent chassis) skateboard chassis products.

CIIC skateboard chassis integrates battery packs, electric motors, and other critical units into a single layer at the bottom of the vehicle, lowering purchasing cost and energy consumption while maximizing cabin space. In addition to the collaboration on CTP batteries and skateboard chassis, CATL is poised to cooperate with VinFast with respect to other areas, thus promoting battery innovation and e-mobility transition.

CATL is considered a leader in EV battery manufacturing, not only in China where it is headquartered but around the entire globe, with recent expansions increasing the company’s footprint into other continents like Europe and North America.

As part of a previous deal, CATL provides its CTP batteries to VinFast EVs. With first deliveries of its flagship VF 8 EVs underway, VinFast looks to expand its relationship with CATL to develop, implement, and promote future battery technologies.

The MOU signing ceremony was witnessed by Dr. Robin Zeng, founder and Chairman of CATL, and Mr. Pham Nhat Vuong, Chairman of Vingroup and VinFast. According to the agreement, CATL and VinFast intend to explore various forms of cooperation on CIIC skateboard chassis on top of the current cooperation on CTP (cell-to-pack) battery supply between the two companies, which will provide VinFast rapid access to the global market.

Story Credit: investing.com

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