# 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.

- Type: Partnership
- Announced: 2017-01-30
- Where: Finland
- Status: announced
- Products: electric vehicle battery packs, electric vehicle drivetrain solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Valmet Automotive](https://endata.com/companies/21802.md)
- [Contemporary Amperex Technology Limited](https://endata.com/companies/21803.md) (investor)

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news-releases/valmet-automotive-catl-form-strategic-partnership-electric-vehicle-solutions-catl-invests-valmet-automotive-become-important-owner/), 2017-01-30: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.