- CATL and Ford agree to pursue a Global Strategic Cooperation covering battery 
supply in North America, Europe and China
- The two companies intend to jointly explore new business opportunities 
worldwide to promote global EVs
- As part of separate agreements, CATL will supply lithium iron phosphate (LFP) 
battery packs for Ford's North American Mustang Mach-Es next year and North 
American F-150 Lightning in early 2024, creating even more capacity for 
high-demand products customers want

Contemporary Amperex Technology Co., Limited ("CATL") and Ford Motor Company 
("Ford") today announced a non-binding MOU outlining Global Strategic 
Cooperation including supplying batteries in China, Europe and North America.

Under separate agreements, CATL also will provide full LFP battery packs for 
North American Mustang Mach-E models starting next year as well as North 
American F-150 Lightnings in early 2024. Powered by CATL's LFP battery system, 
which features long battery life and thermal stability, the above-mentioned 
Ford models will offer outstanding performance in temperature adaptability.

CTP is a technology that directly integrates cells into packs, enabling the 
pack to improve system energy density, simplify manufacturing and lower cost. 
Ford's EV architecture flexibility allows efficient incorporation of CATL's 
prismatic CTP (cell-to-pack) technology, delivering incremental capacity 
quickly to scale and meet customer demand.

The two companies plan to leverage their respective strengths to jointly 
explore new business opportunities worldwide. In addition to supplying 
LFP-based CTP batteries to Ford, CATL intends to actively cooperate with Ford 
with respect to other battery technologies.

The elevated global strategic cooperation aims to open up new opportunities for 
both companies to create a sustainable business and promote EVs, contributing 
to global carbon neutrality goals.

Source: Contemporary Amperex Technology Co., Limited