CATL will explore various forms of cooperation with VinFast on the CIIC skateboard chassis to help the company expand into global markets.
CATL today announced that it has signed a global strategic partnership with Vietnamese electric vehicle company VinFast to collaborate in areas including the CIIC (CATL integrated intelligent chassis) skateboard chassis products.
CATL will build on its existing CTP (cell to pack) product partnership and explore various forms of collaboration with VinFast on the CIIC skateboard chassis to help the vehicle company expand into global markets, the company said.
CIIC skateboard chassis integrates battery packs, electric motors, and other critical units into a single layer at the bottom of the vehicle, lowering purchasing cost and energy consumption while maximizing cabin space, according to a CATL press release.
CATL will also look to partner with VinFast in other ways to drive the electrification transition, according to the company.
By leveraging CATL's batteries, VinFast's electric vehicles will reach new heights in range, safety and smart driving, the company said.
The partnership will also allow CATL to strengthen its global footprint, particularly in emerging markets, and facilitate the adoption of new electric vehicle technologies, it said.
VinFast, a member of VinGroup, Vietnam's largest private company, is also the first local car company to expand into global markets and the first Vietnamese car company to produce electric vehicles and electric scooters.
CATL founder and Chairman Robin Zeng and Pham Nhat Vuong, Chairman of VinGroup and VinFast, witnessed the signing.
CATL is the largest power battery manufacturer in China, with a 47.8 percent share in September, according to the China Automotive Battery Innovation Alliance earlier this month.