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CATL and Suzhou Forge Strategic Partnership, Investing 3.4 Billion Yuan to Drive Innovation in New Energy Technology
CATL will invest 3.4 billion yuan in Suzhou to establish Suzhou Times Xin'an Energy Technology Co., Ltd., which will focus on innovative structural designs for next-generation power battery systems.
China Jiangsu Net News (Reporter Sheng Zheng) — On December 8, the Suzhou Municipal Government signed a strategic cooperation framework agreement with Contemporary Amperex Technology Co., Limited (CATL). CATL will invest 3.4 billion yuan in Suzhou to establish Suzhou Times Newan Energy Technology Co., Ltd., which will focus on innovative structural designs for next-generation energy storage battery systems.
Founded in 2011, CATL (Contemporary Amperex Technology Co. Limited) is an internationally leading innovator in new energy technologies. Today, the company has established ten major production bases and five cutting-edge R&D centers worldwide. CATL boasts the most extensive network of global automotive OEM partnerships and has successfully integrated into the high-end supply chains of some of the world's most renowned automakers. According to data from a leading international market analysis firm, CATL has maintained the top spot globally in power battery installations for four consecutive years, while capturing over 50% of the domestic market share.
Suzhou Times Xin'an Energy Technology Co., Ltd. has established itself in Suzhou Wuzhong Economic and Technological Development Zone, with a registered capital of 2.5 billion yuan. The company is focusing on cutting-edge R&D projects such as electric energy efficiency optimization solutions, including the development and production of automotive components, automation technology R&D, and integrated R&D and prototyping for automotive chassis systems. Meanwhile, CATL also aims to build an advanced manufacturing ecosystem that complements Suzhou's unique strengths, addressing key industry challenges in the rapidly growing new-energy vehicle sector. Leveraging its comprehensive advantages in the new-energy field, CATL will actively support Suzhou’s efforts to achieve cleaner energy production and accelerate the electrification of its transportation sector, ultimately striving to be the first city in China to realize "Zero-Carbon Suzhou."
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