CATL and Chery Establish Joint Venture "Era Chery" with RMB 2 Billion Registered Capital

On February 13, Times Chery (Hefei) New Energy Technology Co., Ltd. was officially established with a registered capital of RMB 2 billion. The legal representative is Lai Yongjie. The company is jointly owned by Contemporary Amperex Technology Co., Limited (CATL), Chery Automobile, and Chery Commercial Vehicle (Anhui) Co., Ltd. Its business scope includes battery manufacturing and sales, production and sales of battery components, and energy storage technology services. China's State Administration for Market Regulation unconditionally approved the establishment of this joint venture on January 22, 2026. As early as 2022, CATL and Chery Group signed a strategic cooperation agreement, under which the two parties, building on their collaboration in passenger vehicle battery supply and technological cooperation, plan to expand into areas such as buses, logistics vehicles, heavy-duty trucks, and electric vessels, and jointly explore innovative businesses including battery swapping and integration of the "three electric" systems (electric motor, electric control, and battery), driving high-quality development in the new energy industry.