Shanghai (ZXZC)- Chinese power battery giant CATL and Shaanxi Automobile Holding Group Co., Ltd. ("Shaanxi Automobile") joined forces on August 17 as they inked a ten-year strategic cooperation agreement in Ningde city, Fujian province, marking a significant move towards driving innovation in the electric commercial vehicle sector.

Photo credit: NIO

Serving as a positive advocate and driving force for the green, low-carbon transformation of China's automotive industry, Shaanxi Automobile has established itself as a prominent frontrunner in the fields of new energy and intelligent connected commercial vehicles. This collaboration marks a heavyweight alliance aimed at advancing commercial vehicle battery technology across a wide spectrum of applications.

CATL said it has been maintaining a close working relationship with Shaanxi Automobile, aligned in their strong commitment to driving the electrification of commercial vehicles. The recent signing of this agreement signifies the formal initiation of comprehensive strategic cooperation between the two parties. As outlined in the agreement, CATL and Shaanxi Automobile will leverage their respective strengths to foster all-encompassing collaboration in areas spanning product development, technological innovation, resource allocation, market promotion, and after-sales service.

The fruition of this strategic partnership is poised to synergize the strengths of both parties, refining commercial vehicle battery technology standards. By further streamlining the industrial chain and amalgamating upstream R&D capabilities with downstream market demands, this collaboration aims to offer globally competitive and quality-assured products to commercial vehicle clients, thereby propelling the realization of comprehensive electrification and dual-carbon objectives.