Shanghai (ZXZC)- On Oct. 30, CATL and VinFast Trading & Manufacturing Joint Stock Company ("VinFast") signed a memorandum of understanding (MoU) to carry out global strategic cooperation in areas like the CIIC (CATL integrated intelligent chassis) skateboard chassis, according to a press release from CATL.

Under the agreement, CATL and VinFast intend to explore diverse forms of cooperation on the CIIC skateboard chassis based on the two parties' existing cooperation on the CTP (cell-to-pack) battery supply, in a bid to offer VinFast a fast access to the global market.

Photo credit: CATL

CATL said the CIIC skateboard chassis integrates battery packs, electric motors, and other key components into a single layer at the bottom of the vehicle, lowering purchase cost and energy consumption while enlarging the seating room.

Additionally, CATL is poised to team up with VinFast regarding other fields, so as to jointly boost the innovation in battery technologies and e-mobility transition. The battery giant expects its cutting-edge batteries to help VinFast's electric vehicles advance to a higher level in terms of range, safety, and intelligent driving.

CATL noted the newly-formed partnership is conducive to its improvement of global business deployment, development of new markets, and promotion of new technology applications.

As a member of VinGroup, one of Vietnam's leading private enterprises, VinFast is the country's first automaker to announce foray into global auto market, and produce electric vehicles and electric scooters.