Mercedes-Benz and CATL as a major supplier team up for leadership in future battery technology - Seite 3

"Within the framework of this newly established strategic partnership, CATL fully commits to Mercedes-Benz AG's sustainability goals including 'Ambition 2039'. This includes sustainable production with renewable energy, the minimum CO2 footprint in terms of logistics within the whole supply chain and respect for all aspects of social responsibility. CATL will ensure CO2 neutral battery production and maximize CO2 reduction in the battery supply chain for next generation Mercedes-Benz EQ starting with the EQS," said Zhou Jia, President of CATL. "I am convinced that this partnership will open new opportunities for both companies to create a sustainable business and speed-up the transition of our industry."

Industrialization of a key technology in Germany

The strategic partnership of Mercedes-Benz and CATL accelerates the further development and industrialization of cutting-edge battery technologies in Germany. With the construction of CATL's Thuringia plant, CATL is developing a European service system to offer Mercedes-Benz more competitive products, as well as a smooth supply. This will allow Mercedes-Benz to further increase the degree of localization in procurement and to purchase battery products from the CATL plant near Erfurt in the future.

About CATL

Contemporary Amperex Technology Co., Limited (CATL) is a global leader in the development and manufacturing of lithium-ion batteries, with businesses covering R&D, manufacturing and sales in battery systems for new energy vehicles and energy storage systems. In 2019, the company's EV battery sales volume reached 40.25 GWh worldwide, and making it the world leader in annual EV battery consumption volume (source SNE Research).

Headquartered in Ningde, China, CATL has more than 26,000 employees around the world as of 2019  and subsidiaries in Beijing, Liyang (Jiangsu Province),  Xining (Qinghai Province) and Yibin (Sichuan Province), as well as in Munich (Germany), Paris (France), Yokohama (Japan), Detroit (USA) and Vancouver (Canada).  In addition, the company owns and operates battery manufacturing facilities in Fujian, Jiangsu, Qinghai and Sichuan provinces, and in its European plant located in Erfurt, Germany, its first overseas plant that is currently under construction. In June 2018, the company went public on the Shenzhen Stock Exchange with stock code 300750.