PR92625

NINGDE, China, Oct. 27, 2021 /PRNewswire=KYODO JBN/ --

-CATL shares its CTP (cell to pack) technology with MOBIS through the

agreement.

-The agreement also includes related CTP products supply in South Korea and the

global market.

-The technology partnership helps both parties sharpen their competitive edge

on the international market.

Contemporary Amperex Technology Co., Ltd. (CATL) and Hyundai Mobis Co., Ltd.

(MOBIS) have signed a technology licensing and partnership agreement, according

to which CATL will introduce and disclose its CTP (cell to pack) technology to

MOBIS as well as support MOBIS in the supply of related CTP products not only

in South Korea, but also worldwide.

Featuring highly efficient integration, CTP is a technology that directly

integrates cells into packs without modules. By leveraging CATL's CTP

technology, the battery pack's design improves system energy density,

simplifies manufacturing and results in cost savings.

The technology partnership supports both parties in strengthening their

respective international market competitiveness. CATL and MOBIS will work

together to develop more valuable products for the global electric vehicle (EV)

market. It also initiates a new mode of international technology cooperation in

the industry, and enables CATL to expand the application of its innovative

battery technology worldwide in a bid to achieve global electrification.

SOURCE: Contemporary Amperex Technology Co., Ltd.

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   Caption: CATL and Hyundai MOBIS signed CTP technology licensing and partnership agreement