Ningde Times and Weilai signed a five-year comprehensive strategic cooperation agreement

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, January 17, according to the official Wechat account of Ningde Times, Ningde Times and Xilai signed a five-year comprehensive strategic cooperation agreement in Ningde on January 17. Zhu Wei, chief executive of passenger cars in Ningde era, and Zeng Shuxiang, senior vice president of Weilai, signed the agreement on behalf of both sides. Ningde era founder, chairman, CEO Zeng Yuqun, founder, chairman, CEO Li Bin and so on witnessed the signing.

According to reports, the signing of the comprehensive strategic cooperation agreement is another deepening and upgrading of the strategic cooperation relationship between the two sides, involving technical cooperation of new brands, new projects and new markets, linkage between supply and demand, overseas business development, and business model cooperation based on long-life batteries.

Officials say the two sides will achieve mutual benefit and win-win results by joining forces again to build a long-term strategic cooperative relationship. Ningde Times and Weilai will, on the basis of giving full play to their respective resource advantages and based on advanced battery technology, build an efficient and collaborative battery supply system, enhance innovation ability and efficiency, provide more enjoyable travel experience for smart electric vehicle users, and contribute to enhancing the global competitiveness of China's new energy vehicle industry.

CTOnews.com learned that according to Soochow Securities Research report, in the first three quarters of 2022, the top five customers of Ningde era were Tesla, Geely, Lulai, Guangzhou Automobile and Xiaopeng, with the exception of Tesla accounting for 18% of the installed capacity.