Phoenix Motor Inc., a leader in manufacturing of all-electric, medium-duty vehicles, announced the signing of a non-binding Memorandum of Understanding (“MOU”) with Contemporary Amperex Technology Co., Limited (SHE: 300750) (“CATL”), a global leader of new energy innovative technologies, for the co-development of batteries for Phoenix Motorcars’ product lines.
“This cooperation not only expands our global network of commercial application business, but also reflects our determination to promote comprehensive electrification with innovative battery solutions, thus contributing to the global efforts towards carbon neutrality.”
The MOU will support the long-term supply of battery solutions and related products for Phoenix’s commercial electric vehicles including Gen 4 vehicles, as well as the potential cooperation on Gen 5 and EdisonFuture (Gen 6) models in the future. The two companies also agreed to explore the opportunity to deploy E-rolling chassis technology in Phoenix vehicle models.
Developed for commercial vehicles by its subsidiary Suzhou Synland Technology Co., Limited, CATL’s E-rolling technology is a separate frame construction chassis solution that integrates coaxial e-beam, frame, electronic devices and the battery pack which in turn is integrated with the power domain controller. The innovative technology supports various vehicle types including pickups, light trucks, vans and RVs.
Phoenix Motorcars CEO Dr. Lance Zhou commented, “We are thrilled to be working with CATL, one of the world’s leading battery manufacturers and solution providers, as we develop and produce our Gen 4 medium-duty vehicles and explore further cooperation including Gen 5 ground-up chassis vehicles and EdisonFuture (Gen 6) line of light-duty vehicles over the next few years. This MOU will ensure stability and security of essential battery supply. We are also very keen on the E-rolling chassis technology from CATL which would enable simplified, highly integrated and light weighted design of e-chassis to achieve higher energy efficiency in commercial vehicles. Collaboration with partners such as CATL is central to our ‘asset light’ strategy and adds to our confidence that we will deliver our enhanced product lineup on time, within budget and with maximum quality.”
“We are glad to cooperate with industry pioneers like Phoenix Motorcars, and we believe the successful cooperation with Phoenix will further promote the application of advanced technologies in commercial vehicles,” said Li Xiaoning, Executive President of Overseas Commercial Application, CATL. “This cooperation not only expands our global network of commercial application business, but also reflects our determination to promote comprehensive electrification with innovative battery solutions, thus contributing to the global efforts towards carbon neutrality.”
SOURCE: Businesswire