CATL&BAIC

On June 18, 2024, Beijing Automotive Group Co., Ltd. (BAIC Group) and Contemporary Amperex Technology Co., Limited (CATL) signed a deep strategic partnership agreement. Zhang Jianyong, Party secretary and chairman of BAIC Group, and Robin Zeng, chairman and CEO of CATL, witnessed the agreement signing by Liu Yu, vice president of BAIC Group, and Zhu Wei, executive president of CATL's Passenger Vehicle Unit, on behalf of their respective companies. Zheng Shu, CFO of CATL, Yang Jun, general manager of Contemporary Amperex Energy Service Technology Ltd (CAES), Yang Hanbing, managing director of Contemporary Amperex Intelligence Technology (Shanghai) Limited (CAIT-SH), BAIC Group Vice Presidents Hu Hanjun and Xie Wei, and representatives from relevant departments of both companies also attended the ceremony.

In the area of next-generation intelligent chassis, the two parties will conduct in-depth collaboration on the CIIC (CATL integrated intelligent chassis) for pure electric platforms. They will jointly research the architecture, systems, processes, costs, and performance balancing of skateboard chassis and develop products to address the needs for “scenario-defined vehicles, intelligence, and personalization.”

In the field of battery swapping, BAIC Group is a leader in new energy vehicles, particularly in developing and marketing battery-swapping models. It has extensive experience in product development and promotion of battery-swappable taxis and ride-hailing vehicles in China. Since launching the “Chocolate” battery swap service, CATL has been engaged in standardizing battery swapping through continuous technological and business model innovation. To leverage their respective strengths, the two parties, along with CATL's wholly-owned subsidiary CAES, will collaborate on aspects such as battery swappable vehicle and swappable battery module development, management of battery circulation and battery-related data, and regional cooperation for battery swapping stations. The two parties and their subsidiaries will also cooperate in developing and marketing models of battery-swappable heavy-duty trucks, as well as sales, leasing, and energy services for heavy-duty truck batteries.

CAIT-SH and BATC sign a cooperation agreement

BAIC Group, CATL, and CAES signed a framework agreement for the battery-swapping project at the signing ceremony. Beijing Automotive Technology Center (BATC) and Contemporary Amperex Intelligence Technology (Shanghai) Limited (CAIT-SH) signed a letter of intent for cooperation on key technologies for next-generation platforms.

CATL and BAIC Group have a long history of collaboration. The two parties signed a strategic partnership agreement in 2022 to jointly develop the new energy vehicle market. With the signing of these agreements, the two parties will establish a closer partnership to jointly promote innovation in new energy technologies and product upgrades, provide users with better mobility services, and drive the popularization of new energy vehicles.