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Let's Look At CATL's Numerous Battery Deals
Chinese power battery manufacturer Contemporary Amperex Technology Limited (CATL) and Zhejiang Jirun Automobile Company Limited (Zhejiang Jirun), a subsidiary held by Zhejiang Geely Holding Group, struck a deal on December 20, 2018 to fund a joint venture (JV) that works on the R&D, manufacture and sale of battery cells and battery packs. CATL will hold the majority share of the JV with 51 percent.
Aside from Geely, CATL also agreed cooperation agreements with other automakers like SAIC Motor, Dongfeng Motor, GAC Group and Jiangling Motors, etc., making it the China-based power battery maker who has most joint ventures with OEMs.