Neta Auto and CATL Sign Ten-Year Strategic Cooperation Agreement

TapTechNews May 24th news, Neta Auto and CATL signed a ten-year comprehensive strategic cooperation agreement today in Shanghai. Zhang Yong, the co-founder and CEO of Neta Auto, and Han Wei, the co-president of the marketing system of CATL, represented both sides to sign the contract. Fang Yunzhou, the founder and chairman of Neta Auto, and Zeng Yuqun, the chairman and CEO of CATL, attended and witnessed the signing.

According to the agreement, the two sides will carry out comprehensive strategic cooperation from 2025 to 2034. Neta Auto will take CATL as the preferred partner of automotive power batteries, and CATL will provide Neta Auto with competitive power battery products and service guarantees.

Neta Auto also said that the Neta S shooting brake model, which is expected to go on the market in the second half of the year, will be equipped with the CIC integrated intelligent chassis and 800V high-voltage fast charging and other industry-leading technologies jointly developed by Neta Auto and CATL. On the spot, Zeng Yuqun and others experienced the Neta S shooting brake model.

The official also said that the two sides will further carry out in-depth cooperation in the fields of zero carbon, CIIC integrated intelligent chassis, battery swapping, V2G (TapTechNews note: that is, Vehicle to grid, referring to the technology of electric vehicles sending power to the grid), battery recycling, and the development of domestic and international markets.