CATL continues to promote the electrification transformation of commercial vehicles. Since CATL launched its commercial EV battery brand in mid-September, TECTRANS, in mid-September, CATL has added two more commercial vehicle customers: Taiyuan Heavy Industry Group and SAG Commercial Vehicle Company.
On October 8th, Taiyuan Heavy Industry Group signed a strategic cooperation agreement with CATL in Taiyuan, Shanxi. The Group's products include industrial cranes, mining excavators, engineering hydraulic excavators, high-end hydraulic pump valves, etc., and it is one of the top 500 industrial enterprises in China. According to the agreement, Taiyuan Heavy Industry Group will take CATL as its preferred partner for power batteries in the construction machinery field, and CATL will provide Taiyuan Heavy Industry Group with the most competitive power battery products and service guarantees. Both parties will work together in product and market aspects to provide a powerful green engine for the electrification transformation of the construction machinery industry. In addition, both parties will fully leverage their respective advantages to strengthen cooperation in the new energy application fields such as energy storage and battery swapping, and actively explore various cooperation models.
On October 12th, SAG Commercial Vehicle Company Commercial Vehicle signed a strategic cooperation agreement with CATL in Ningde, Fujian. The SAG Commercial Vehicle Company AI-Cloud TECTRANS light truck is equipped with CATL's TECTRANS L series commercial vehicle battery, achieving industry-leading levels in product performance, safety, and durability. Two new models were released this time, including the fast-charging version and the long-cruising version of TECTRANS-L. Among them, the AI-Cloud TECTRANS Edition 2C fast-charging model can recharge for 200km in 18 minutes, meeting the commercial vehicle market's demand for rapid energy replenishment; the AI-Cloud TECTRANS 120-degree long-cruising model has a rated comprehensive cruising range of over 445km, truly achieving ultra-long range and worry-free driving. CATL has maintained a long-term cooperation with SAG Commercial Vehicle Company Commercial Vehicle. Since 2019, all new energy models of SAG Commercial Vehicle Company Commercial Vehicle have been equipped with CATL batteries, and it is expected that the cooperation volume of light trucks between the two parties will break through 6,000 units in 2024.