Chery Group signed a strategic cooperation framework agreement with Contemporary Amperex Technology Co., Limited., and the two sides will carry out all-round cooperation in various fields, such as products, commerce and market promotion. As the larger power battery manufacturer in the world, CATL provides power batteries for many famous automobile enterprises, including Mercedes Benz, BMW, Tesla, etc. It has occupied more than 30% of the global market share for a long time, and has won the first place for five consecutive years.

While in terms of Chery, it has been engaged in the research and development of new energy technology as early as 1999. More than two decades of technological accumulation witnessed that Chery has made major breakthroughs in the core areas such as EIC technology and lightweight technology. By now, Chery has declared more than 900 patents in the field of new energy and obtained more than 600 authorized patents, ranking first in China's automobile enterprises and third globally.