Chery Group, a Chinese car manufacturer, has signed a strategic cooperation framework agreement with Contemporary Amperex Technology Co., Limited (CATL), the world’s largest lithium-ion battery manufacturer for electric vehicles (EVs).

The agreement involves collaboration in areas such as products, commerce, market promotion, and commercial information resources, as well as battery supply and technical cooperation on passenger vehicles.

Both parties will also explore mass transit, EIC technology integration of new energy and battery-swapping for buses, logistics vehicles, heavy trucks and electric ships. Chery has already made significant advances in new energy technology, having developed a holistic R&D system, applied for over 900 new energy patents and obtained over 600 patents.

In the first 10 months of 2022, Chery sold over 210,000 new energy vehicles (+182% year-on-year), far surpassing the overall industry growth rate. The companies will continue to promote the sustainable development of the new energy industry and the popularisation of electric vehicles.

Through the strategic collaboration, Chery and CATL aim to lead the development of the automotive industry and boost the transition to electric vehicles.

Chery Group, is one of the fastest growing automotive companies in the world.

Founded in 1997, the company has achieved remarkable success in the global market, with annual sales of over 4 million vehicles in 2020. It has established itself as one of the top players in the global automotive industry, with a presence in over 80 countries.

Its current lineup of vehicles includes passenger cars, SUVs, MPVs, and LCVs, many of which are sold under the Chery brand name.

The company has achieved several milestones over the years, including the launch of its first production vehicle in 1999, the launch of its passenger car brand in 2003, and the opening of its first overseas plant in 2010.

The company has also been a leader in the development of electric vehicles, launching its first all-electric car in 2018.

Currently, one of company’s most popular models is the Tiggo 7 Pro, a mid-size SUV that offers a spacious interior and an array of advanced safety and driver assistance technologies.

The Tiggo 7 Pro is currently sold in many countries throughout the world, and is becoming a popular choice among drivers.

Meanwhile CATL is a leading global supplier of advanced battery and energy storage solutions, with research, development and production facilities located in China, Germany, and Japan.

Founded in 2011, it has become a trusted partner to some of the world’s leading automotive and energy storage companies.

The company has achieved numerous milestones since its founding, including becoming the world’s largest producer of lithium-ion batteries in 2018, surpassing the 100GWh production capacity milestone in 2019 and, most recently, surpassing the 200GWh production capacity milestone in 2020.

Their current products range from mature traditional lithium-ion batteries to next-generation energy storage solutions.

The flagship product is the NMC (Nickel-Manganese-Cobalt) battery, which is being used in a wide range of applications from electric vehicles to renewable energy storage systems.

The NMC battery offers high energy density, long cycle life, and a competitive price.

CATL is well-positioned to meet the growing demand for advanced battery and energy storage solutions, and has become a leader in the industry.