NEVS has signed a strategic framework
agreement with Contemporary Amperex Technology Co., Limited (CATL) to secure
the battery supply for NEVS 9-3 EV in the Chinese market.
CATL is a Chinese leading energy storage solution provider
headquartered in Ningde, Fujian, with focus on the research and development of
li-ion battery (LIB) intended for electric vehicles.
The company was one of the first nine battery suppliers that fulfills
the domestic industrial standards and the government¡¯s requirement for EV
¡°CATL¡¯s supply capacity and proven technology will allow us to
shorten the lead time to the market, fulfilling both our demand in quantity and
quality. Their local experience and network will eventually benefit NEVS¡¯ own
customers in the Chinese market. ¡± says Kai Johan Jiang, Chairman of NEVS.
NEVS received a total order of 250,000 EVs from Panda New Energy,
an EV leasing company based in Beijing. Through NEVS 50% owned factory in
Fujian, the first patch of 100,000 electric commercial vehicles have started to
be delivered. The rest of 150,000 9-3 EV are scheduled to roll out from NEVS JV
plant in Tianjin in 2018.
Established in 2011, Contemporary Amperex Technology Co., Limited
(CATL) is dedicated to providing effective energy storage solutions through
advanced battery technology.
The company possesses R&D and manufacturing capabilities for
power and energy storage battery as well as core technologies for the whole
industrial chain of materials, battery cells, battery system and battery
recycling. CATL was awarded the "Annual China Energy Storage Industry's
most influential Enterprises in 2015".
CATL aims to provide best cost to performance services to its
customers through technology innovation and product differentiation. It is one
of the leading EV battery providers globally and the clear market leader in
China with a large portfolio of world class customers. At the end of 2016, CATL
employed over 10,000 employees worldwide.