31 Jan '17, 11am

Valmet Automotive and CATL form a strategic partnership in electric vehicle solutions

Valmet Automotive and CATL form a strategic partnership in electric vehicle solutions

Valmet Automotive and Contemporary Amperex Technology Limited (CATL have entered into strategic partnership in electric automotive solutions. Simultaneously CATL has subscribed to new shares issued by Valmet Automotive for a 22 % ownership in the company. After the new share issue, the owners of Valmet Automotive are Pontos (39 %), Tesi (39 %) and CATL (22 %). CATL is a private Chinese company developing, manufacturing and providing after-sales services of lithium-ion battery solutions for electric vehicles and energy storage markets. It is among the three leading electric vehicle battery providers globally and the clear market leader in China with a large portfolio of world class customers. It has a strong aspiration to enlarge its footprint and further expand its business in the fast evolving European electric vehicle market. At the end of 2016, CATL employed over 10,000...

Full article: http://electriccarsreport.com/2017/01/valmet-automotive-c...

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