PR97133

NINGDE, China, July 21, 2022 /PRNewswire=KYODO JBN/ --

- CATL and Ford agree to pursue a Global Strategic Cooperation covering battery

supply in North America, Europe and China

- The two companies intend to jointly explore new business opportunities

worldwide to promote global EVs

- As part of separate agreements, CATL will supply lithium iron phosphate (LFP)

battery packs for Ford's North American Mustang Mach-Es next year and North

American F-150 Lightning in early 2024, creating even more capacity for

high-demand products customers want

Contemporary Amperex Technology Co., Limited ("CATL") and Ford Motor Company

("Ford") today announced a non-binding MOU outlining Global Strategic

Cooperation including supplying batteries in China, Europe and North America.

Under separate agreements, CATL also will provide full LFP battery packs for

North American Mustang Mach-E models starting next year as well as North

American F-150 Lightnings in early 2024. Powered by CATL's LFP battery system,

which features long battery life and thermal stability, the above-mentioned

Ford models will offer outstanding performance in temperature adaptability.

CTP is a technology that directly integrates cells into packs, enabling the

pack to improve system energy density, simplify manufacturing and lower cost.

Ford's EV architecture flexibility allows efficient incorporation of CATL's

prismatic CTP (cell-to-pack) technology, delivering incremental capacity

quickly to scale and meet customer demand.

The two companies plan to leverage their respective strengths to jointly

explore new business opportunities worldwide. In addition to supplying

LFP-based CTP batteries to Ford, CATL intends to actively cooperate with Ford

with respect to other battery technologies.

The elevated global strategic cooperation aims to open up new opportunities for

both companies to create a sustainable business and promote EVs, contributing

to global carbon neutrality goals.

Source: Contemporary Amperex Technology Co., Limited