CATL and Fisker Reached Agreement on Battery Supply

Published: Nov 3, 2021 14:58
US electric car maker Fisker said on November 2 that it had entered into a partnership with Chinese battery maker CATL, who will supply two different battery packs for its flagship Ocean SUV.

SHANGHAI, Nov 3 (SMM) - US electric car maker Fisker said on November 2 that it had entered into a partnership with Chinese battery maker CATL, who will supply two different battery packs for its flagship Ocean SUV.

- China Association of Automobile Manufacturers (CAAM): From January to September 2021, the top ten countries in terms of China export value of automobiles were the United States, Japan, Mexico, Germany, the Russian Federation, South Korea, the United Kingdom, Australia, Belgium and Vietnam. The cumulative export value of automotive goods from the above ten countries was US$43.91 billion, accounting for 48.0% of the total export value of China’s all automobiles.

- Guangqi Group announced through WeChat on November 2 that it has approved the "proposal on the construction project of self-developed pilot battery": in order to accelerate the industrialization of self-developed battery technology and to validate the battery process sophistication, product consistency, product cost, etc., it is agreed to the carry out the self-development battery construction project. The total investment is 336 million yuan.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
India to build a six-month strategic stockpile of lithium, cobalt and rare earths as demand rises
22 hours ago
India to build a six-month strategic stockpile of lithium, cobalt and rare earths as demand rises
Read More
India to build a six-month strategic stockpile of lithium, cobalt and rare earths as demand rises
India to build a six-month strategic stockpile of lithium, cobalt and rare earths as demand rises
Amid sustained demand growth, India plans to build a strategic reserve of critical minerals including lithium, cobalt, nickel, copper and rare earths. The stockpile will be sized to cover six months of domestic consumption, aiming to guard against risks of global supply disruptions and sharp raw material price volatility. Led by India’s Ministry of Mines and Ministry of Heavy Industries, the reserve covers key raw materials essential for new energy vehicles, energy storage and the electronics sector, fields where India currently relies heavily on imports. At present, the United States, China, South Korea and other countries have already established strategic reserve systems for critical minerals.
22 hours ago
[Geely's Gan Jiayue: Zeekr 9X to enter markets in the Middle East, Central Asia, and Europe from Q3]
Apr 30, 2026 23:00
[Geely's Gan Jiayue: Zeekr 9X to enter markets in the Middle East, Central Asia, and Europe from Q3]
Read More
[Geely's Gan Jiayue: Zeekr 9X to enter markets in the Middle East, Central Asia, and Europe from Q3]
[Geely's Gan Jiayue: Zeekr 9X to enter markets in the Middle East, Central Asia, and Europe from Q3]
On April 29, during Geely's Q1 2026 results conference, Gan Jiayue, CEO of Geely Auto Group, stated that the Zeekr 9X will be exported to the Middle East in June, launched in Central Asia in Q3, and enter the European market in Q4. Gan also revealed that the Zeekr 8X will be promoted in overseas markets from Q4 this year to Q1 next year. Data shows that in the first quarter, deliveries of the Zeekr 9X reached 22,000 units.
Apr 30, 2026 23:00
[LG Energy Solution posts Q1 operating loss of 207.8 billion won]
Apr 30, 2026 22:55
[LG Energy Solution posts Q1 operating loss of 207.8 billion won]
Read More
[LG Energy Solution posts Q1 operating loss of 207.8 billion won]
[LG Energy Solution posts Q1 operating loss of 207.8 billion won]
LG Energy Solution reported consolidated revenue of 6.6 trillion won in the first quarter, up 1.2% quarter-on-quarter (including approximately 189.8 billion won in North American production incentives). During the same period, it recorded an operating loss of 207.8 billion won. Shipments of pouch-type electric vehicle (EV) batteries declined due to inventory adjustments by major North American customers.
Apr 30, 2026 22:55