CATL, FOTON to Form Joint Venture for Battery Leasing Business
On December 5, Foton Motor announced its intention to establish a joint venture with CATL on a new energy battery rental business with a focus on new energy trucks. The new company is set to be called FOTON Time New Energy Technology. The new company will have a total registered capital of CNY 200 million ($28.64m) and each of the two companies will hold 50% stake in it.
The joint venture will be engaged in new energy battery rental business for new energy trucks.
The collaboration between the two parties will help enhance the market competitiveness of Foton's new energy products and promote new vehicle sales.
CATL,also known as Contemporary Amperex Technology Co., Limited, is the Number One lithium battery manufacturer in China and the global leader in electric vehicle batteries.
Foton Motor Group is an enterprise with a business scope covering a full series of commercial vehicles including medium and heavy-duty trucks, buses and Vans.
Views:0
- CATL's German Plant to Ramp up Its Production 2023-02-06
- CATL Announced Its Plan to Set up a Chassis Plant in Yichun 2023-01-31
- Qilin Battery Was Recognized as One of the Best Inventions of 2022 by TIME 2023-01-04
- CATL's German Plant Starts Serial Production of Lithium-ion Battery Cells 2022-12-22
- CATL Collaborates with VinFast to Promote Global E-mobility 2022-11-01
- CATL Showcases All-scenario Solutions for Commercial Applications at IAA 2022-09-21
- CATL Saw Its Net Profit Increase by 82% in H1, 2022 2022-08-26
- CATL Among Top 50 Forbes China Most Innovative Companies 2022-08-26
- China's CATL to Build Its Second Battery Plant in Europe 2022-08-15
- CATL Extends Partnership with Yutong for Another 10 Years 2022-08-10
Submit Your Requirements, We Are Always At Your Service.
- Sale of the New MAN eTruck Starts
- Scania Adds Powertrain Production to Its Production Base in Rugao, China
- FOTON and Piaggio Group Extend Their Partnership to Electric Light CVs
- Notice of Office Closure During National Day Holiday
- SANY Attends Construction Indonesia 2023
- SANY's Vietnam Subsidiary Grandly Opened in Hanoi
- XCMG Leads the Way in Sustainable Manufacturing
- 2023 Global Energy Transition High-level Forum Opened in Beijing
- SINOTRUK Attends Mining Indonesia 2023
- BYD Ranks in Top 10 Kantar BrandZ Most Valuable Global Brands in Auto Category
- China Exported 507,000 Trucks from Jan.-Sept., Up 21% YoY
- China Exported 65,000 Trucks in July, Up 17% YoY
- Half Year Review of Commercial Vehicle Sales
- China Exported 63,000 Trucks in May, Up 33% YoY
- Top 10 Best-selling Battery-swapping Heavy Trucks in China in April
- China Exported 158,000 Trucks in Q1, Up 41% YoY
- China’s Truck Exports Grew by 43.8% YoY to 46600 Units in Feb., 2023
- China’s Heavy Truck Sales Rising 29% YOY to 77200 in Feb
- China Exports 567,000 Trucks in 2022, Hitting a New High in a Decade
- China’s Pickup Exports Jumped 65% YOY in 2022
