# 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.

- Type: Partnership
- Announced: 2022-04-27
- Where: Xiamen, Fujian Province, China
- Value: $900.0M (6.00B CNY)
- Status: announced
- Products: rechargeable battery cells, rechargeable battery packs
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [TDK Corporation](https://endata.com/companies/15441.md) (partner)
- [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/20220427_02.html), 2022-04-27: "TDK Corporation announced a definitive agreement on an establishment of joint venture between Amperex Technology Limited and Contemporary Amperex Technology Co., Limited"

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