Contemporary Amperex Technology Co., Limited ("CATL") and Next Energy & 
Resources Co., Ltd. ("NER") have formally entered into a partnership, whereby 
CATL will provide reliable energy storage system (ESS) battery solutions to 
help NER build a new operational model for Third Party Ownership (TPO), and to 
technically support the further promotion and application of distributed solar 
power generation systems in Japan.

"The partnership will leverage each other's advantages and combine high-quality 
energy storage products with the TPO operational model. It is contributing to 
the development of the renewable energy and energy storage industries in Japan. 
This is also an important step in CATL's development of the energy storage 
market in Japan," said Tan Libin, chief account officer and vice president of 
energy storage business unit, CATL.

Under the TPO model, the purchase and installation costs of solar power and 
energy storage systems are no longer paid by homeowners, but rather by service 
integrators. Surplus power can be stored and transmitted to city grids, 
providing priority is given to the customer's electricity consumption. CATL's 
high-quality lithium iron phosphate (LFP) ESS battery solutions feature 
seamless connection to grid and stable power output, while its LFP batteries 
feature outstanding safety and a long lifecycle as well as being capable of 
operating effectively in a wide temperature range from -25 to 55 degrees 
Celsius. To ensure safety and reliability, CATL batteries must pass up to 273 
strict tests before launching to the markets Specifically for Japanese market, 
CATL batteries satisfy with Japan's industry standard JIS C 8715-2, and have 
passed SII nail and crush testing successfully. 

CATL has profound technical expertise and an extensive product portfolio in the 
ESS field, and keeps providing reliable energy storage battery system solutions 
for the power generation, transmission & distribution and consumption stages of 
the industry chain. CATL also focuses on the integrated development of electric 
vehicles (EVs) and energy storage facilities, as part of its commitment to 
promoting the environmentally responsible and sustainable advancement of 
mankind. In V2G (Vehicle to Grid) scenario, batteries for EVs could be used as 
distributed energy storage and make it possible for EVs to interact with the 
grid intelligently. Beyond cutting the peak to fill valley and improving 
resource utilization efficiency, V2G could also increase benefits for NEV 
owners.

"Japan is a key player of the global energy storage field and one of our 
strategic target markets," said Tan. "We hope to quickly assimilate into the 
local market through in-depth cooperation with local Japanese companies, so as 
to better serve local customers with high-quality products."

About Contemporary Amperex Technology Co., Limited

Contemporary Amperex Technology Co., Limited ("CATL") is a global leader in the 
development and manufacturing of lithium-ion power and energy storage 
batteries, with businesses covering materials, batteries, battery management 
systems, as well as battery recycling and reuse. In 2018, the company's sales 
reached the equivalent of 21.31 GWh worldwide, and its product sales volume 
ranked first in the world (according to data from SNE Research).

With more than 24,000 employees, CATL is headquartered in Ningde, Fujian 
Province, China, with subsidiaries in Beijing, Liyang (Jiangsu Province), 
Shanghai and Xining (Qinghai Province), as well as in Munich (Germany), Paris 
(France), Yokohama (Japan), Detroit (USA) and Vancouver (Canada). In addition, 
the company owns and operates battery manufacturing facilities in Fujian, 
Jiangsu and Qinghai provinces, with its factory located in Erfurt, Germany, the 
company's first outside of the home market, now under construction. In June 
2018, the company went public on the Shenzhen Stock Exchange with stock code 
300750.

For more information, please visit: http://www.catlbattery.com/.

SOURCE: CATL