NEVS has signed a deal to get a full supply of batteries for it's 9-3 Electric Vehicle.

NEVS secures battery supply

NEVS has signed a strategic framework agreement with Contemporary Amperex Technology Co., Limited (CATL) to secure the battery supply for NEVS 9-3 EV in the Chinese market.

CATL is a Chinese leading energy storage solution provider headquartered in Ningde, Fujian, with focus on the research and development of li-ion battery (LIB) intended for electric vehicles. The company was one of the first nine battery suppliers that fulfills the domestic industrial standards and the government’s requirement for EV subsidies.

“CATL’s supply capacity and proven technology will allow us to shorten the lead time to the market, fulfilling both our demand in quantity and quality. Their local experience and network will eventually benefit NEVS’ own customers in the Chinese market. ” says Kai Johan Jiang, Chairman of NEVS.

NEVS received a total order of 250,000 EVs from Panda New Energy, an EV leasing company based in Beijing. Through NEVS 50% owned factory in Fujian, the first patch of 100,000 electric commercial vehicles have started to be delivered. The rest of 150,000 9-3 EV are scheduled to roll out from NEVS JV plant in Tianjin in 2018.

About CATL

Established in 2011, Contemporary Amperex Technology Co., Limited (CATL) is dedicated to providing effective energy storage solutions through advanced battery technology.

The company possesses R&D and manufacturing capabilities for power and energy storage battery as well as core technologies for the whole industrial chain of materials, battery cells, battery system and battery recycling. CATL was awarded the "Annual China Energy Storage Industry's most influential Enterprises in 2015".

CATL aims to provide best cost to performance services to its customers through technology innovation and product differentiation. It is one of the leading EV battery providers globally and the clear market leader in China with a large portfolio of world class customers. At the end of 2016, CATL employed over 10,000 employees worldwide.