Several automakers signed cooperation agreements with CATL to jointly develop the lithium iron phosphate market

In just a few months, seven automakers including Chery, GAC, BAIC, Jiyue, Lantu, Nezha, and Avita have signed cooperation agreements with CATL to jointly develop new energy vehicles equipped with Shenxing batteries. It is expected that consumers will be able to purchase these models in the first quarter of 2024.