CATL, Changan Automobile to team up on intelligent-connected EV, smart energy ecosystem

Shanghai (Gasgoo)- Chinese power battery giant CATL and automaker Chongqing Changan Automobile Co., Ltd. (Changan) recently signed an agreement for the long-term in-depth strategic cooperation on intelligent-connected EVs and smart energy ecosystem, CATL announced on September 9 via its WeChat account.  

Changan Automobile Company Limited (Changan) procured roughly 32.782 billion yuan ($4.789 billion) in the operating revenue for the first half of 2020, a year-on-year increase of 9.73%, according to the company's semi-annual financial results.

For the same period, Changan's net profit attributable to shareholders amounted to 2.602 billion yuan ($380.161 million), recording an impressive surge from the year-ago loss of 2.24 billion yuan ($327.257 million).

Changan said its profit for the first six months was greatly affected by non-recurring gains and losses. According to the company's semi-annual results, the increase in the price of shares in CATL controlled by Changan generated a net profit of 1.78 billion yuan ($260.053 million).

Changan is firmly advancing the implementation of the "Beidou Tianshu" intelligence and "shangri-la" new energy strategies, in a bid to speed up its transformation from being a traditional automaker to being an intelligent mobility technology and service provider.

(UNI-T, photo source: Changan Automobile)

In the first half of 2020, Changan's "intelligent cockpit domain control system" was selected by the Ministry of Industry and Information Technology as one of the "new generation of key tasks for artificial intelligence industry innovation". In March, the automaker proved the strength of Changan's level 3 self-driving technology by holding an experience event where the UNI-T SUVs handled all kinds of road conditions on public open roads. Besides, the core of the intelligent strategy of "Beidou Tianshu" ——global software center has been set up in Xiantao Data Valley, dedicated to building the largest software technology and mobile intelligent platform in China.

Under Changan's new energy strategy, Benben E-star has substantially alleviated users' range and charging anxiety with a NEDC-rated range of 301km and 30 minutes DC fast charging speed. The prototype of Changan's first pure electric car with a carbon fiber body successfully came off the production line in April, which marked the important achievement of the new energy vehicle project and the national key research and development plan of the 13th five-year plan undertaken by Changan, the automaker said in its financial results.