A memorandum of understanding for a strategic partnership has been inked by pioneering Japanese automaker Daihatsu Motor and Chinese power battery juggernaut CATL, as per CnEVPost.
The partnership’s commitment
CATL announced today that the partnership would be committed to accelerating Japan‘s electrification through battery tech and supply. As per the press release, CATL will provide a reliable supply of power cells for Daihatsu’s electric vehicle models.
The Chinese juggernaut will also enhance the battery technology in Daihatsu vehicles through cell-to-pack (CTP) and battery management systems (BMS).
According to the press release, Daihatsu can boost its EV capacity and performance owing to CATL’s cutting-edge batteries. Having said that, the partnership will offer affordable EV products to Japan and other developing countries.
Furthermore, it is also a part of CATL’s broader effort to expand its global presence. The Chinese battery company claims it would enable them to penetrate local markets like Southeast Asia and Japan.
About CATL
Contemporary Amperex Technology Co. Limited, widely known as CATL, was established in 2011. CATL is acknowledged as the largest manufacturer of power batteries in the world. It excels in producing li-ion batteries for electric vehicles, energy storage systems, and battery management systems.
According to Seoul-based SNE Research, the Chinese battery company held a 36.3% market share. As of September, it has a 19.9 GWh installed base for global power batteries.
Furthermore, the China Automotive Battery Innovation Alliance’s (CABIA) data revealed yesterday that CATL deployed 14.76 GWh of power cells in China in October, holding a 48.33% market share.
About Daihatsu
Daihatsu Motor Co., Ltd., widely known as Daihatsu, is a Japanese automaker headquartered in Osaka.
As per the press release, Daihatsu is among Japan’s oldest automakers and a dominant player in the mini-vehicle sector. It was established in 1907, making it one of the oldest Japanese internal combustion engine automakers.
