China battery making giant Contemporary Amperex Technology (CATL) will supply lithium-ion batteries to Japanese vehicle OEM Toyota following confirmation of a partnership between the two firms on 17 July.
As BEST Battery Briefing reported last month, the agreement includes the supply and future development of batteries for Toyota-branded electric vehicles to be released in China and other markets starting in 2020.
The two companies also plan to partner on product quality improvements and the reuse and recycling of batteries.
A spokesman for CATL said: “CATL and Toyota agree that a stable supply of batteries is critical and that battery technology must be further developed and advanced. To this end, the two companies intend to establish joint systems and engage in specific initiatives together.
“Through this broad-ranging collaboration, CATL will combine its battery development and supply capabilities with Toyota’s electrified vehicle and battery development technologies.”
In May, CATL and Korean battery maker LG Chem signed deals to secure the “multi-billon-dollar” long-term supply of EV batteries for Swedish car firm Volvo.
The CATL deal was made to ensure supplies of lithium-ion batteries over the coming decade for its next-generation Volvo and Polestar models.
The agreements covered the global supply of battery modules for all models on the upcoming SPA2 and the existing CMA modular vehicle platforms.