NEVS has signed a strategic framework agreement with Contemporary Amperex Technology Co., Limited (CATL) to secure the battery supply for NEVS 9-3 EV in the Chinese market.
CATL is a Chinese leading energy storage solution provider and one of the largest lithium-ion battery manufacturers for plug-in vehicles headquartered in Ningde, Fujian. The company was one of the first nine battery suppliers that fulfills the domestic industrial standards and the government’s requirement for EV subsidies.
“CATL’s supply capacity and proven technology will allow us to shorten the lead time to the market, fulfilling both our demand in quantity and quality. Their local experience and network will eventually benefit NEVS’ own customers in the Chinese market. ” says Kai Johan Jiang, Chairman of NEVS.
NEVS received a total order of 250,000 EVs from Panda New Energy, an EV leasing company based in Beijing.
Through NEVS 50% owned factory in Fujian, the first patch of 100,000 electric commercial vehicles have started to be delivered. The rest of 150,000 9-3 EV are scheduled to roll out from NEVS JV plant in Tianjin in 2018.