China’s CATL secures contract to supply EV battery to Toyota

China-based Contemporary Amperex Technology (CATL) has received a contract from Toyota Motor to supply and develop batteries for electric vehicles (EVs).

In addition, the Japanese automotive manufacturer and CATL will collaborate to develop battery system technologies, enhance the quality of existing energy cells, and the reuse and recycling of batteries.

Toyota in a statement said: “To further promote the widespread use of electrified vehicles, CATL and Toyota agree that a stable supply of batteries is critical and that battery technology must be further developed and advanced.”

Under the partnership, CATL will integrate its battery development and supply capabilities with Toyota’s electric vehicles and battery technologies.

Both companies will also start working to develop electric vehicles and further promote their adoption.

Toyota has also teamed up China’s BYD for battery development. Earlier this year, the Japanese carmaker announced that it will form a joint venture (JV) with Panasonic to produce battery for electric vehicles.

According to Toyota, electric vehicles are predicted to contribute half of its car sales worldwide by 2025. To achieve this goal, the company launched its specialised EV platform last month to allow the production of six types of vehicles from large SUVs to compact passenger cars.

The latest move follows Toyota’s recent unveiling numerous images of its future all-electric vehicle portfolio.

Recently, the company said it is developing a product called an accessible people mover (APM), which is a mobility vehicle that has been specially designed for use at the 2020 Olympic and Paralympic Games in Tokyo.