CATL to provide suppliers with financial support to boost battery innovation

Published: Dec 17, 2024 14:47
Source: gasgoo
Based on the contribution of research outcomes, CATL will cover part of the R&D costs to ease the financial burden on suppliers.

Shanghai (Gasgoo)- Recently, CATL reportedly issued an open letter to its supplier partners, inviting them to share and discuss the latest innovations in materials, equipment, processes, and technologies related to batteries. The letter outlines clear mechanisms for intellectual property ownership and business collaboration.

According to the letter, CATL is offering several support measures:

● Material validation and promotion: CATL will assist in the verification and promotion of new materials, ensuring that competitive technologies or innovations are swiftly implemented in production.

● Business collaboration: CATL may prioritize partnerships with suppliers, offering preferential business terms or pricing to help expand their market share.

 R&D funding: Based on the contribution of research outcomes, CATL will cover part of the R&D costs to ease the financial burden on suppliers.

 Prepayment support: For particularly promising technologies or innovations, CATL may provide prepayments to ensure smooth project development.

● Strategic partnerships: CATL is open to signing strategic cooperation agreements or jointly investing in new ventures to develop markets together.

On December 16, a CATL representative confirmed the company's willingness to provide R&D funding support, as expressed in the letter.

In November this year, Dr. Robin Zeng, chairman and CEO of CATL, highlighted the importance of building a profitable supply chain during an interview. He emphasized the need for stakeholders to earn a fair share of profits to sustain their operations, stating, "As a leading company in the battery sector, we hope to maintain, or at least preserve, opportunities for everyone's survival."

CATL and Stellantis announced on December 10 their agreement to invest up to €4.1 billion in a joint venture to build a large lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. 

Designed to operate under a carbon-neutral framework, the facility is set to begin production at the Stellantis manufacturing site in Zaragoza by late 2026. It will have an annual output of up to 50 GWh, contingent on the growth of Europe's electric vehicle (EV) market and continued support from the Spanish government and the EU. 

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
Waymo and Uber to Deploy 1,200 Robotaxis in Middle East by 2027
Feb 6, 2026 15:29
Waymo and Uber to Deploy 1,200 Robotaxis in Middle East by 2027
Read More
Waymo and Uber to Deploy 1,200 Robotaxis in Middle East by 2027
Waymo and Uber to Deploy 1,200 Robotaxis in Middle East by 2027
Waymo and Uber (NYSE: UBER) announced an upgraded strategic partnership: The two parties plan to deploy at least 1,200 Robotaxi units in the Middle East by 2027, covering three major markets—Abu Dhabi, Dubai, and Riyadh. According to the plan, all 1,200 Robotaxi units will be integrated into the Uber App to provide public transportation services.
Feb 6, 2026 15:29
Tesla VP Says Company Will Engage in Assisted Autonomous Driving in China, Timeline Unclear
Feb 6, 2026 15:28
Tesla VP Says Company Will Engage in Assisted Autonomous Driving in China, Timeline Unclear
Read More
Tesla VP Says Company Will Engage in Assisted Autonomous Driving in China, Timeline Unclear
Tesla VP Says Company Will Engage in Assisted Autonomous Driving in China, Timeline Unclear
Tesla Vice President Tao Lin stated today that Tesla would actively participate in related work on assisted autonomous driving in the Chinese market, but could not yet provide a clear timeline for implementation. Elon Musk previously indicated that Tesla's Full Self-Driving (FSD) would be deployed in Europe this February, with the Chinese market to follow.
Feb 6, 2026 15:28
World's First Mass-Produced Sodium-Ion Battery Passenger Vehicle Officially Unveiled
Feb 5, 2026 17:52
World's First Mass-Produced Sodium-Ion Battery Passenger Vehicle Officially Unveiled
Read More
World's First Mass-Produced Sodium-Ion Battery Passenger Vehicle Officially Unveiled
World's First Mass-Produced Sodium-Ion Battery Passenger Vehicle Officially Unveiled
On February 5, Changan Automobile unveiled its global sodium-ion battery strategy, and the world's first mass-produced sodium-ion battery passenger vehicle was officially introduced. Test data shows that the vehicle equipped with CATL's sodium-ion battery delivers nearly three times the discharge power compared to conventional lithium iron phosphate vehicles with the same battery capacity under -30°C conditions. In extreme cold environments of -40°C, it maintains over 90% capacity retention, and it can still discharge stably even at the extreme low temperature of -50°C.
Feb 5, 2026 17:52
CATL to provide suppliers with financial support to boost battery innovation - Shanghai Metals Market (SMM)