Foton Deepens Strategic Cooperation with CATL

Date:2021-09-15 Author:Alice Source:chinaspv.com

September 15, 2021, Beijing, China, On September 13, 2021, Foton Zhilan New Energy, Foton AUV, and Ningpu Times, a subsidiary of CATL, held a strategic cooperation agreement signing ceremony on new energy commercial vehicle battery finance and innovative business models.

The two parties have reached a broad consensus on the development of technological innovation, grasped the promising period of integration and innovation, and promoted in-depth cooperation in many fields such as new energy vehicle management, battery asset operation, and auto finance so as to jointly build a beautiful blueprint for a new green era.

The two parties will cooperate on Foton Motor's full series new energy commercial vehicle products and the application of the leasing model, as well as the future cooperation of battery banks and power station swaps. Foton Motor’s innovative business model relies on two technical routes of pure electric and hydrogen fuel to promote the green development of the national transportation industry.

In the future, Foton Motor will create customized solutions for new energy commercial vehicles through measures such as large-scale operations, business model innovation, and in-depth scenario research, to help improve the ecological environment with zero emissions and pollution, effectively meet users’ needs with better TCO and demonstrate Foton Motor’s new green proposition with innovative business models such as separation of vehicle and electricity.