On January 10, 2023, Contemporary Amperex Intelligent Technology (Shanghai) Co., Ltd. (“CATL Intelligent Tech” for short) and Neta Auto held a signing ceremony in Shanghai to mark their collaboration on the Integrated Intelligent Chassis project. Zhang Yong, Co-founder and CEO of Neta Auto, and Yang Hanbing, Managing Director of CATL Intelligent Tech, signed a cooperation agreement on behalf of their companies.

The agreement outlines a strategic partnership between CATL Intelligent Tech and Neta Auto to leverage their respective resource advantages for in-depth collaboration on the Integrated Intelligent Chassis project, helping to enhance Neta Auto's vehicle production efficiency at lower costs. The first model featuring the Integrated Intelligent Chassis technology is slated for launch by the end of 2024. The Integrated Intelligent Chassis is a battery/e-Drive-centric electric chassis that seamlessly integrates key components such as the battery system, electric drive system, thermal management system, and X-By-Wire system at the bottom of the vehicle using Cell To Chassis (CTC) technology, without the need of a separate battery pack. This integration delivers acquisition cost savings for users, reduced energy consumption, increased range, and enhanced passenger space. In addition, the partnership aims to explore new business model innovations based on innovative product forms.

CATL Intelligent Tech, a wholly-owned subsidiary of Contemporary Amperex Technology Co., Limited (commonly known as “CATL”), is committed to the design, production, sales, and services of CIIC. The Integrated Intelligent Chassis, commonly known as the skateboard chassis in the industry, achieves an unprecedented level of integration of the chassis, thereby enhancing the performance of electric vehicles and streamlining vehicle manufacturing efficiency. This technology plays a key role in advancing the development of new energy vehicles.

As early as 2021, CATL initiated strategic cooperation with Neta Auto. This enhanced collaboration is set to expedite the implementation of CATL's CTC skateboard chassis technology and products, leading to a significant increase in the range of electric vehicles, optimized energy consumption, and breakthroughs in vehicle development cost and cycle time. This partnership will accelerate Nezha Auto's development of more competitive pure electric models, with a focus on the mid-to-high-end market. Together, they will drive the advancement of China's automotive electrification.