PR89630

NINGDE, China and STUTTGART, Germany, May 20, 2021 /PRNewswire=KYODO JBN/ --

-CATL to supply batteries for Mercedes-Benz eActros LongHaul truck starting

2024

-The partners intend to jointly design and develop even more advanced

next-generation battery cells and packs for truck specific applications

-Martin Daum, CEO of Daimler Truck AG: "Expanding and strengthening our strong

collaboration with CATL will play a key role as we accelerate our

electrification activities and lead the way to zero emissions in the truck

industry."

-Dr. Robin Zeng, Founder, Chairman and CEO of CATL: "We believe our strong

global partnership will further enhance Daimler Truck AG's market position on

the e-mobility stage and accelerate to drive towards carbon neutrality."

Today, commercial vehicle manufacturer Daimler Truck AG and lithium-ion battery

manufacturer and developer Contemporary Amperex Technology Co. Limited (CATL) –

both global leaders in their fields – announced the intensification of their

existing partnership based on their shared vision of CO2-neutral electrified

trucking. CATL will be the supplier of lithium-ion battery packs for the

Mercedes-Benz eActros LongHaul battery-electric truck, which is planned to be

ready for series production in 2024. The supply will go beyond 2030. The

batteries will combine high energy density with ultra-long cycle life and

fast-charging ability to meet the unique requirements of battery-electric

long-haul trucks. Additionally, the companies intend to jointly design and

develop even more advanced next-generation battery cells and packs for truck

specific applications, with a focus on high modularity and scalability to

support different truck applications and flexible compatibility with future

e-truck models.

In 2019, Daimler Truck AG and CATL entered into a global lithium-ion battery

cell modules supply agreement for electric series trucks including the

Mercedes-Benz eActros, the Freightliner eCascadia and eM2. In September 2020,

Daimler Truck AG announced the eActros LongHaul, which will have a range of

about 500 kilometres for energy-efficient transport on plannable long-haul

routes.

Martin Daum, Chairman of the Board of Management of Daimler Truck AG and Member

of the Board of Management of Daimler AG: "Partnerships are vital for us to

deliver on our commitment to the Paris Agreement and our ultimate goal of

achieving CO2-neutral transport on the roads, on which we are working at full

speed. Expanding and strengthening our strong collaboration with CATL will play

a key role as we accelerate our electrification activities and lead the way to

zero emissions in the truck industry. We will launch a wide range of

customer-oriented, innovative series-produced electric trucks from 2021

onwards."

Dr. Robin Zeng, Founder, Chairman and CEO of CATL: "We are very happy to

strengthen the existing partnership with Daimler Truck AG based on our shared

vision in e-mobility. With CATL's innovative technology in EV batteries and

Daimler Truck's deep expertise in the heavy truck industry, we believe our

strong global partnership will further enhance Daimler Truck AG's market

position on the e-mobility stage and accelerate to drive towards carbon

neutrality."

CATL: promoting carbon neutrality through innovative battery solutions

Driven by the goal of CO2 neutrality, CATL aims to realize fossil fuel

replacement in stationary and mobile energy systems with highly efficient

electrical power systems that are generated through advanced batteries and

renewable energy, and promote the integrated innovation of market applications

with electrification and intelligentization. Expanding its partnership with

Daimler Truck AG is an important milestone in this journey and unlocks new

opportunities to accelerate global commercial vehicle electrification with CATL

clean energy solutions.

Making continuous innovations across the chemistry structure system, structure

system, extreme manufacturing and business model, CATL is providing the most

cutting-edge and valuable products to its customers and consumers. Its unique

battery solutions for commercial vehicles featuring an LFP chemistry system

with zero fading within 1500 cycles and innovative cell-to-pack (CTP)

technology ensure that vehicle batteries have high-energy density, ultra-long

cycle lives, high reliability and great cost efficiency.

According to SNE Research, CATL's 2020 EV battery consumption volume ranks No.1

in the world for the fourth consecutive year, 32% of which is contributed by

commercial vehicle applications. The data source also shows that until March

2021, global sales of trucks and buses equipped with CATL EV batteries reached

over 343,000, making CATL the largest EV battery supplier in the commercial

vehicle market.

About Contemporary Amperex Technology Co., Limited

Contemporary Amperex Technology Co., Limited (CATL) is a leader in the global

lithium-ion battery industry, covering R&D, production and sales of battery

systems for new energy vehicles and energy storage systems. In 2020, CATL

ranked No.1 globally in terms of EV battery consumption volume for four

consecutive years, according to SNE Research.

Headquartered in Ningde, China, CATL has battery production bases domestically

in Ningde (Fujian Province), Liyang (Jiangsu Province), Xining (Qinghai

Province), Yibin (Sichuan Province), and Zhaoqing (Guangdong Province). Now

CATL is expanding globally, and has opened overseas subsidiaries in Munich

(Germany), Paris (France), Yokohama (Japan), and Detroit (USA). Its European

production base in Erfurt, Germany, is currently under construction. The

company (300750.SZ) went public in 2018.

For more information, please visit http://www.catl.com.

About Daimler Truck AG

The Daimler Truck AG is one of the world's largest commercial vehicle

manufacturers, with more than 35 primary locations around the world and

approximately 100,000 employees. Daimler Truck AG is pursuing a sustainable

corporate strategy and aims to offer only new vehicles that are CO2-neutral in

driving operation ("tank-to-wheel") in Europe, Japan, and North America by

2039. As early as 2022, Daimler Truck AG's vehicle portfolio will include

series-produced vehicles with battery-electric drive systems in the main sales

regions Europe, the United States, and Japan. By 2027, Daimler Truck AG intends

to supplement its portfolio by adding series-produced hydrogen-based fuel-cell

vehicles. With hundreds of vehicles in use with customers, Daimler Truck AG has

already gained comprehensive, practice-oriented expertise with electric

vehicles, and has recorded a total of well over ten million kilometres driven

by battery-electric test and series-produced trucks and buses with customers

worldwide.

SOURCE:  CATL