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STATEMENT: CATL and Beijing Hyundai sign a strategic agreement on batteries for electric vehicles

(Information sent by the signatory company).

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STATEMENT: CATL and Beijing Hyundai sign a strategic agreement on batteries for electric vehicles

(Information sent by the signatory company)

BEIJING, April 29, 2024 /PRNewswire/ -- On April 25, 2024, CATL (SZ:300750) and Beijing Hyundai signed a strategic partnership agreement at Auto China 2024 to cooperate on Beijing Hyundai and electric vehicle projects. 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 more than 12 million vehicles in China, demonstrating reliable vehicle manufacturing capabilities. Since starting its cooperation with CATL 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 more than 10 world-leading 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 approach to product development ensures mutual benefit for both companies.

CATL has established and strengthened its partnership with Hyundai in recent years. In October 2021, CATL and Hyundai Mobis Co., Ltd. (MOBIS) signed a technology licensing and partnership agreement, under which CATL will introduce and disseminate its CTP (cell to pack) technology to MOBIS, as well as support MOBIS in supplying related CTP products not only in South Korea but also all over the world.

Photo - https://mma.prnewswire.com/media/2399221...

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