TDK and CATL finalize joint venture Xiamen Ampcore and Xiamen Ampack

TDK Corporation announced the finalized details of a joint venture with Contemporary Amperex Technology (CATL) to establish two companies in Xiamen, China: Xiamen Ampcore Technology Limited (battery cell development, ATL 30%, CATL 70%, capital 5.0 billion RMB) and Xiamen Ampack Technology Limited (battery pack development, ATL 70%, CATL 30%, capital 1.0 billion RMB). TDK also approved a new subsidiary as a holding company.

“TDK Corporation announced a definitive agreement on an establishment of joint venture between Amperex Technology Limited and Contemporary Amperex Technology Co., Limited”tdk.com

• 1 source
• tdk.comAnnouncement on Business Alliance and Establishment of Joint Venture with Contemporary Amperex Technology Co., Limited [Background to Disclosure] and Notice of Establishment of Subsidiary | TDKApr 27, 2022

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