On July 21, CTAL and Ford Motor Company announced the signing of a memorandum of understanding on cooperation. The two parties established a global strategic partnership, covering the supply of power batteries in China, Europe and North America.
According to a separate agreement signed by the two parties, CATL will also supply lithium iron phosphate battery packs for the Ford Mustang Mach-E in North America from next year, and provide phosphoric acid for the Ford pure electric pickup F-150 Lightning in North America from the beginning of 2024. Iron lithium battery pack. Thanks to the excellent characteristics of the lithium iron phosphate battery system of CATL in terms of battery life and thermal stability, the above-mentioned Ford models will have excellent performance in environmental adaptability.
CTP technology is a technology that directly integrates the cells into the battery pack, which simplifies the manufacturing process and saves costs while improving the energy density of the battery pack system. The flexibility of Ford's electric vehicle architecture can efficiently integrate CATL's CTP technology to rapidly increase production capacity and meet customer needs.
Both parties will leverage their respective strengths to jointly explore new business opportunities on a global scale. In addition to providing Ford with lithium iron phosphate batteries based on CTP technology, CATL will also actively cooperate with Ford in other battery technologies.
This global strategic cooperation aims to open up new market opportunities for both parties, promote the sustainable development of the new energy industry and the popularization of electric vehicles, and jointly contribute to the realization of the global carbon neutrality goal.
