CATL signs cooperation agreement with Hyundai Mobis and authorizes CTP technology.

On October 27th, CATL (Contemporary Amperex Technology Co., Limited) signed a technology licensing and cooperation agreement with Hyundai Mobis. Under the agreement, CATL will license its patented Cell To Pack (CTP) technology to Hyundai Mobis, supporting the company’s effort to supply CTP related battery products in South Korea and globally.

CTP technology is a highly efficient integration technology that can integrate cells into battery packs without the need for a module. This technology can increase the system energy density of the battery pack, simplify the manufacturing process, and reduce costs. This is the first time CATL has authorized the use of CTP technology to external companies to increase competitiveness in the international market.

Hyundai Motor Group launched its Electric-Global Modular Platform (E-GMP) last year. Based on this platform, Hyundai and Kia respectively launched IONIQ 5 and Kia EV6, and launched Chinese market-specific pure electric vehicles based on these two models. It is possible that we will see the application of CATL’s CTP technology on these and other models in the future.

Source: CATL official website

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