China FAW Group Corporation signed a strategic cooperation agreement with Contemporary Amperex Technology Co., Limited (CATL) at FAW Civil Affairs Service Center on Sep 30.
Established in 2011, CATL is dedicated to providing effective energy storage solutions for global green energy applications through advanced battery technology. It possesses R&D and manufacturing capabilities for power and energy storage battery as well as core technologies for whole industrial chain of materials, battery cells, battery system and battery recycling. As China's state-owned automotive corporation, FAW Group is a global leader in the vehicle manufacturing industry with over 60 years’ history of innovation, product R&D, technology, manufacturing methods, marketing, etc. The two parties will carry out further cooperation in new energy battery and new energy vehicles.
FAW Group is a leading global manufacturer of quality passenger cars, trucks, and buses. Established in 1953, the company is China's oldest and largest automotive group. Annual sales exceed two million units.