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NINGDE, China , July 10, 2020 /CNW/ — Contemporary Amperex Technology Co., Limited (CATL) (300750.SZ) and Honda (7267.T) accept active an acceding to anatomy a absolute cardinal accord on new activity agent batteries to strengthen their cardinal affiliation and advance the popularization of e-mobility. This acceding will accredit the two companies to activate discussions on a ample ambit of areas including collective development, abiding supply, and the recycling and reclaim of batteries.

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Working Calm to Acceleration up the Ability of Respective Strategies for Electrified Vehicles

By bringing calm the two companies’ alone technology advantages, CATL and Honda will conduct collective development on NEVs batteries and collective R&D into axiological technologies, aiming for their approaching application. CATL will accommodate abiding accumulation of NEV batteries to Honda, mainly for array electric cartage (BEVs). The aboriginal archetypal able with a CATL battery is appointed to be launched in the Chinese bazaar in 2022. This accord will be added broadcast to the all-around akin in the future. Moreover, array recycling and reclaim additionally will be a affair in added discussions amid CATL and Honda.

CATL is a technology aggregation that is committed to accouterment avant-garde array solutions for all-around new activity application, with businesses accoutrement R&D, accomplishment and sales of array systems for new activity cartage and activity accumulator systems. Honda is a advancement aggregation with motorcycles, automobiles, Life Creation (power products) and aircraft businesses about the globe, and is currently accelerating its initiatives to amaze its articles on a global basis. By deepening abstruse cooperation and the aggressive accumulation system, CATL and Honda will strive to apprehend all-around electrification together.

Capital Cooperation to Strengthen Acceptable Cardinal Partnership

Honda has acquired about 1% of CATL shares through the clandestine arising of stocks, which makes Honda a leading strategic accomplice of CATL. This will accredit Honda to defended a abiding accumulation of batteries with accomplished artefact and cost competitiveness. Through the clandestine arising of stocks, CATL will strengthen its array development and added aggrandize assembly capacity, etc. Based on this alliance, the two companies will strengthen initiatives to added popularize electrified cartage and authorize a abiding relationship.

Comments by Zhou Jia , President of CATL

“Honda is a key amateur in all-around electrification. Through this cardinal cooperation, CATL and Honda will authorize a stronger all-around partnership. We are alive calm to bear added aggressive articles and solutions to all-around electrification, and to assuredly accomplish a apple-pie and affable appearance of mobility.”

Comments by Toshihiro Mibe, Senior Managing Officer, Executive in Charge of Monozukuri (Research & Development, Production, Purchasing, Quality, Parts, Service, Intellectual Property, Standardization and IT), Honda Motor Co . , Ltd.

“This accord enables Honda to added strengthen its affiliation with CATL. As the acceleration of electrification continues to increase, CATL will be a accomplice that will accord Honda new strength, and we accept that our abiding accord will accredit Honda to added access the competitiveness of our electrified products. Honda will abide its challenges against alms joy and abandon of advancement and the ability of a acceptable society.”

About CATL

Contemporary Amperex Technology Co., Limited (CATL) is a all-around baton in the development and accomplishment of lithium-ion batteries, with businesses accoutrement R&D, accomplishment and sales in array systems for new activity cartage and activity accumulator systems. In 2019, the company’s EV array sales aggregate accomplished 40.25 GWh worldwide, and authoritative it the apple baton in anniversary EV array burning aggregate (source SNE Research).

Headquartered in Ningde, China , CATL has added than 26,000 advisers about the apple as of 2019  and subsidiaries in Beijing , Liyang ( Jiangsu Province ), Xining ( Qinghai Province ) and Yibin ( Sichuan Province ), as able-bodied as in Munich ( Germany ), Paris (France) , Yokohama ( Japan ), Detroit ( USA ) and Vancouver ( Canada ). In addition, the aggregation owns and operates array accomplishment accessories in Fujian , Jiangsu , Qinghai and Sichuan provinces, and in its European bulb amid in Erfurt, Germany , its aboriginal across bulb that is currently beneath construction. In June 2018 , the aggregation went accessible on the Shenzhen Banal Exchange with banal cipher 300750.

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