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19 07 2019 02

China-based Contemporary Amperex Technology Co., Limited (CATL) and Toyota Motor Corporation have entered into a comprehensive partnership agreement for the stable supply and further development of New Energy Vehicle (NEV) batteries.

The two companies have also commenced discussions that cover a wide range of fields, including: supply of batteries, new technology development, product quality improvements, and the reuse and recycling of batteries.

CATL is the world’s leading supplier of drive battery systems for vehicles with competitive advantages across the globe. In recent years, as vehicle electrification has accelerated worldwide, the company has won recognition from many automobile manufacturers both in China and overseas. Toyota was one of the first companies to promote the widespread use of electrified vehicles and boasts a rich array of technologies and experience in the development, production, and sales of electrified vehicles.

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