Gasgoo Munich- CATL has signed a cooperation agreement with Egyptian battery manufacturer BME, according to a post CATL issued via its WeChat account earlier this week.
Alongside a proposed battery cell procurement arrangement, CATL will license battery pack technology and provide production equipment and training to support BME's local assembly and manufacturing operations.
Image source: CATL
Key Takeaways
·BME will fully fund the battery pack plant, which has a planned initial annual capacity of 1 GWh.
·The plant will primarily produce batteries for heavy commercial vehicles.
·Longer-term plans call for capacity to reach 5 GWh and for production to expand into passenger vehicle battery packs and energy storage systems supporting solar and wind power.
Why It Matters
BME plans to supply local automakers using CATL's technology and equipment. The project is intended to establish local battery pack manufacturing capacity in Egypt.
Background
BME was jointly founded by Egyptian commercial vehicle manufacturer MCV and automotive industry solutions provider Auto D.
What to Watch Next
CATL said it would continue working with partners globally on new energy vehicle and energy storage projects. For the BME project, the next stated steps are establishing the planned 1 GWh plant and, over the longer term, pursuing the proposed capacity and product expansion.
