Mexican Media Brands
GAC, CATL Partner on Two Battery Ventures
Two new battery ventures are being formed in China by domestic carmaker Guangzhou Automobile Group Ltd. and battery giant Contemporary Amperex Technology Ltd.
#hybrid
Share
Two new battery ventures are being formed in China by domestic carmaker Guangzhou Automobile Group Ltd. and battery giant Contemporary Amperex Technology Ltd.
GAC and CATL say both new entities will be headquartered in Guangzhou, each with its own shareholding structure and registered capital, the Shanghai Daily reports.
The larger venture, Amperex GAC Power Battery Co., will develop, make and sell lithium-ion batteries for vehicles and large-scale storage systems.
The second venture, GAC Amperex Power Battery System Co., will be devoted to developing and marketing battery systems, related technologies and consulting services.
RELATED CONTENT
-
On Zeekr, the Price of EVs, and Lighting Design
About Zeekr, failure, the price of EVs, lighting design, and the exceedingly attractive Karma
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
