ANNOUNCEMENT: CATL and VinFast reach global strategic cooperation

OSAKA, Japan, Oct.

ANNOUNCEMENT: CATL and VinFast reach global strategic cooperation

OSAKA, Japan, Oct. 31, 2022 /PRNewswire/ -- Contemporary Amperex Technology Co., Limited ("CATL") and VinFast Trading

The signing ceremony of the Memorandum of Understanding was witnessed by Dr. Robin Zeng, founder and president of CATL, and Pham Nhat Vuong, president of Vingroup and VinFast. Under the agreement, CATL and VinFast intend to explore various forms of CIIC scooter chassis cooperation, in addition to the current CTP (cell-to-pack) battery supply cooperation between the two companies, which will provide VinFast with quick access to the global market.

CIIC's skateboard chassis integrates battery packs, electric motors and other vital units within a single layer at the bottom of the vehicle, thereby reducing the cost associated with purchase and energy consumption while maximizing space. of the cabin.

In addition to the collaboration on CTP batteries and skateboard chassis, CATL is ready to cooperate with VinFast in other areas, thereby promoting battery innovation and the transition to electric mobility.

By taking advantage of CATL's cutting-edge batteries, VinFast's innovative electric vehicles will be able to reach new heights of autonomy, safety and intelligent driving. The cooperation will also allow CATL to further enhance its global presence, especially within emerging markets, and promote the application of new electric vehicle technologies.

The high level of cooperation will allow both companies to promote innovation in battery technologies and global e-mobility, thereby contributing to the global drive for the energy transition and carbon neutrality goals.

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