FAW Jiefang, the commercial truck segment of FAW Group, signed a five-year agreement with CATL on January 29, to further enhance cooperation on power battery supply and demand.
Based on strategic cooperation, the two sides will improve their efficient and overall coordination in power battery supply and demand by establishing a complementary and win-win cooperation relationship, according to the agreement.
FAW Jiefang and CATL started all-round and multi-scenarios cooperation as early as 2018, in fields such as development of buses, dump trucks, or trucks transporting construction waste. The two sides comprehensively upgraded their cooperation through the signing of the agreement.
As a leading enterprise in China’s commercial vehicle industry, FAW Jiefang adheres to the principle of “independent development and open cooperation”, works together with upstream and downstream partners of the industry to build a NEV ecosytem that features sustainability, positive cycle, co-creation, win-win and sharing.
CATL is a global leader of new energy innovative technologies, committed to providing premier solutions and services for new energy applications worldwide.
FAW is a leading global manufacturer of quality passenger cars, trucks, and buses. Established in 1953, the company is China’s oldest and largest automotive group. Annual sales exceed three million units.