# TDK's ATL and CATL to form joint venture and cross-licensing agreement

TDK Corporation announced that its subsidiary Amperex Technology Limited (ATL) will conclude a cross-licensing agreement and establish a joint venture with Contemporary Amperex Technology Co., Limited (CATL) to strengthen the medium-size rechargeable battery business for residential energy storage, electric motorcycles, and other industrial applications.

- Type: Partnership
- Announced: 2021-04-28
- Status: announced
- Products: rechargeable batteries, residential energy storage systems, electric motorcycle batteries
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [TDK Corporation](https://endata.com/companies/15441.md) (investor)
- [Contemporary Amperex Technology Limited](https://endata.com/companies/21803.md) (partner)
- [Amperex Technology Limited](https://endata.com/companies/54744.md) (partner)

## Sources

- [tdk.com](https://www.tdk.com/en/news_center/press/20210428_01.html), 2021-04-28: "ATL and CATL will establish and operate two joint ventures."

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