Valmet Automotive and CATL form strategic partnership; CATL takes 22% stake

Valmet Automotive and Contemporary Amperex Technology Limited (CATL) entered a strategic partnership in electric vehicle solutions. CATL subscribed to new shares for a 22% ownership in Valmet Automotive. The companies will jointly develop electric vehicle drivetrain solutions and supply battery packs to European automakers.

“Valmet Automotive and Contemporary Amperex Technology Limited (CATL), a leading global provider of battery and energy storage solutions, have entered into strategic partnership in electric automotive solutions.”automotiveworld.com

• 1 source
• automotiveworld.comValmet Automotive and CATL form a strategic partnership in electric vehicle solutions – CATL invests in Valmet Automotive to become an important owner | Automotive WorldWebmasterJan 30, 2017

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