On February 8, CATL and Foton Motor held a signing ceremony in Ningde, Fujian, marking the beginning of a ten-year strategic partnership. The two parties intend to collaborate closely in the field of commercial vehicle electrification, leveraging their respective strengths for mutual benefit in the development and application of cutting-edge technologies, international market expansion, vehicle and power battery aftermarket services, and industrial ecosystem development. This partnership represents a powerful alliance between two industry leaders in China's commercial vehicle and power battery sectors towards the green transition of the commercial vehicle industry, setting the pace for ongoing development of new energy commercial vehicle technologies.

Founded in 1996, Foton Motor is China's largest commercial vehicle manufacturer, offering the most comprehensive product range. In 2021, Foton Motor surpassed 10 million global sales, making it the first commercial vehicle company with independent intellectual property and independent brand in the history of China's automotive industry to reach this milestone and in the shortest time globally. It has ranked first in China's commercial vehicle sales for 20 consecutive years and first in exports for 15 consecutive years, with its products and services available in 130 countries and regions worldwide.

CATL, a global leader in new energy innovation, is committed to providing premier solutions and services for new energy applications worldwide. Leveraging its technological leadership and ecosystem advantages, CATL has maintained a dominant global market share and the highest usage in commercial vehicle power batteries for several consecutive years. Its commercial vehicle power battery brand, CATL TECTRANS, provides comprehensive commercial application solutions for logistics and public transport sectors, meeting the performance demands for long range, fast charging, and extended lifespan in buses, light-duty trucks, heavy-duty trucks, and construction machinery.

Rooted in Chinese civilization yet embracing global cultures, CATL and Foton Motor embody the spirit of sowing prosperity through collaboration. Moving forward, CATL will partner with more industry players to advance the widespread adoption of commercial vehicle battery technology.