Shanghai (ZXZC)- Chinese power battery giant CATL and automaker Great Wall Motor (GWM) signed on June 2 a framework agreement for a ten-year strategic partnership, according to a posting on GWM's WeChat account.

GWM, CATL signing agreement; photo credit: GWM

Under the agreement, both parties will leverage their respective advantages to co-promote the progress of new energy vehicle (NEV) technologies and contribute to achieving the China's goals of carbon neutrality and emission peak.

GWM and CATL started the cooperation on the joint development of vehicle models as far back as 2016. Then both parties carried out collaboration on technology R&D and auto parts supply for such brands as Haval, WEY, and ORA.

GWM said it is moving faster on the transition to being a global technology company. It currently owns five auto brands, namely Haval, WEY, ORA, Great Wall Pick, and TANK. In the NEV sphere, based on the three technology brands “L.E.M.O.N” “TANK”, and “Coffee Intelligence”, it is simultaneously developing all-electric vehicles, hybrid electric vehicles, plug-in electric vehicles, and fuel cell vehicles (FCVs).

CATL said it is dedicated to replacing the stationary and mobile energy systems primarily supported by traditional fossil energy with a highly efficient electric system powered by such renewable energy such advanced batteries, wind, light, as well as hydraulic power.