CATL and VinFast reach strategic cooperation to promote e-mobility

CIIC skateboard chassis' integrates battery packs, electric motors, and other critical units into a single layer at the bottom of the vehicle, lowering purchasing cost, vehicle weight and energy consumption while maximising cabin space for optimal driving experiences.

Representatives of VinFast and CATL at the signing ceremony on 31 October in Osaka, Japan. — Photo courtersy of VinFast

Contemporary Amperex Technology Company (CATL) and VinFast Trading & Manufacturing Joint Stock Company (VinFast) announced on 31 October a Memorandum of Understanding on Global Strategic Cooperation to expand collaboration in developing electric vehicles.

Under the agreement, CATL and VinFast intend to explore various forms of cooperation on CIIC skateboard chassis on top of the current cooperation on battery supply with CTP (cell-to-pack) technology between the two companies, which will provide VinFast rapid access to the global market.

CATL and VinFast will cooperate to jointly develop new technology, in which the battery and many important components are integrated into the vehicle's chassis, helping to reduce weight, increase the vehicle's travel distance and reduce cost. It is expected that VinFast will be the pioneer car manufacturer to bring this technology to the global market with a strategic cooperation with CATL.

Le Thi Thu Thuy, Vingroup Vice Chairwoman and VinFast Global CEO, said: "VinFast connects global intelligence to promote research and production of smart electric vehicles. Collaboration with CATL - a global leader of new energy innovative technologies - is the next development milestone of VinFast in applying advanced technology to enhance driving range and experience while offering competitive pricing, making smart electric vehicles more efficient and accessible to everyone."

By leveraging CATL's cutting-edge batteries, VinFast's innovative EVs will reach new heights in terms of range, safety, and intelligent driving. The cooperation will also enable CATL to enhance its global footprint, especially in emerging markets, and promote the application of new EV technologies.

The elevated cooperation will enable both companies to promote innovation of battery technologies and global e-mobility, contributing to the global drive for energy transition and carbon neutrality goals. — VNS

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