ANNOUNCEMENT: CATL and Daihatsu have reached a strategic cooperation agreement

OSAKA, Japan, Nov.

ANNOUNCEMENT: CATL and Daihatsu have reached a strategic cooperation agreement

OSAKA, Japan, Nov. 11, 2022 /PRNewswire/ -- Contemporary Amperex Technology Co., Limited (CATL) and Daihatsu Motor Co., Ltd. (Daihatsu) announced a Strategic Cooperation Memorandum of Understanding on the supply of batteries and technologies of batteries to promote electric mobility in Japan.

Under the agreement, CATL aims to stably supply electric vehicle batteries to Daihatsu, an expert in compact passenger cars and one of Japan's oldest automakers.

Combining the respective technological advantages of both companies, CATL and Daihatsu aim to promote the application of advanced battery technologies, such as CTP (cell-to-pack) and BMS.

With CATL's advanced batteries, Daihatsu will be able to increase the production and performance of affordable, high-quality electric vehicles not only in Japan, but also in emerging markets. The cooperation will accelerate Daihatsu's transition to electrification production, helping it achieve long-term zero-carbon targets.

The partnership marks another important step for CATL's global footprint, as it will allow it to explore various forms of cooperation in regional markets, including Japan and Southeast Asia, thus furthering the global drive for the transition to electric mobility and the goals of carbon neutrality.

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