CATL, FAW’s power battery joint venture starts production
Shanghai (Gasgoo)- CATL-FAW Power Battery Co.,Ltd. (called “CATL-FAW” for short), a joint venture between the Chinese power battery giant CATL and automaker FAW Group, has been put into operation on September 28, according to a posting via CATL's WeChat account.
Registered in January 2019, CATL-FAW is located in Xiapu County of Ningde, Fujian province. Its line of business includes the development, production and sale of lithium ion batteries, power batteries, energy storage batteries with ultra-large capacity and battery system, and the supply of relevant after-sales services.
(Photo source: CATL)
Partly thanks to CATL's industry leading intelligent manufacturing system and technologies, the joint venture hits the world-class level in production automation, intelligentization and informatization, said CATL. Boasting a flexible production capability, CATL-FAW’s assembly line is available for the manufacturing of both ternary-lithium and lithium iron phosphate batteries.
According to CATL, the power batteries produced by CATL-FAW will be installed into the entire lineup of the vehicle models built on Hongqi's dedicated-electric FME-platform and FAW-Volkswagen’s MEB-based models.
CATL is forging ahead with the expansion of its production deployment. It announced on September 19 an all-around strategic cooperation formed with Sichuan provincial government as both parties are ambitious to co-build a world-class industry cluster of lithium battery.
Under the agreement, CATL and Sichuan will cement their collaboration in the construction of full lithium battery-related industrial chain to seize the significant opportunity of the fast growth in new energy vehicle (NEV) application.
The battery supplier and automaker Chongqing Changan Automobile Co., Ltd. inked an agreement earlier this month 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.
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