Business

CATL, VinFast reach strategic cooperation to promote global e-mobility

Contemporary Amperex Technology Co. Ltd. (CATL) and Vietnamese automaker VinFast on October 31 signed a Memorandum of Understanding on global strategic cooperation to expand collaboration in developing electric vehicles.
CATL, VinFast reach strategic cooperation to promote global e-mobility ảnh 1At the signing ceremony (Photo: VNA)

Hanoi (VNA) – Contemporary Amperex TechnologyCo. Ltd. (CATL) and Vietnamese automaker VinFast on October 31 signed aMemorandum of Understanding on global strategic cooperation to expandcollaboration in developing electric vehicles.

The MOUsigning ceremony was witnessed by Robin Zeng, Founder and Chairman of CATL, and PhamNhat Vuong, Chairman of Vingroup and VinFast

Under the agreement, CATL andVinFast will explore various forms of cooperation on CIIC skateboard chassis ontop of the current cooperation on battery supply with CTP (cell-to-pack)technology between the two companies, which will provide VinFast rapid accessto the global market.

CATL and VinFast will cooperate to jointly develop newtechnology, in which the battery and many important components are integratedinto the vehicle's chassis, helping to reduce weight, increase the vehicle'stravel distance and reduce cost. It is expected that VinFast will be thepioneer car manufacturer to bring this technology to the global market with astrategic cooperation with CATL.

According to Le Thi Thu Thuy, Vingroup Vice Chairwoman andVinFast Global CEO, becoming a strategic partner of CATL is a very importantevent.

“Collaboration with CATL - a global leader of new energyinnovative technologies - is the next development milestone of VinFast inapplying advanced technology to enhance driving range and experience whileoffering competitive pricing for future models," she said.

The cooperation will enable bothcompanies to promote innovation of battery technologies and global e-mobility,contributing to global drive for energy transition and carbon neutrality goals,Thuy said./.

VNA
#Contemporary Amperex Technology #VinFast #MoU #global strategic cooperation #developing electric vehicles #vietnam news agency #vietnamplus
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