Zhitong Financial APP learned that on January 11,CBAK Energy Technology Inc (CBAT.US)It is announced that the company has worked withJianghuai AutomobileA three-year joint product development strategy agreement was signed to jointly develop cylindrical lithium batteries and battery packs including model 46800 by leveraging the common expertise of both sides in the product development and application of automotive power batteries and battery packs.

According to the agreement, CBAK Energy Technology Inc will provide customized implementation plans for power batteries and battery packs according to the latest technical requirements of Jianghuai Automobile. In addition, the two sides will set up a joint research and development team to design, test and enhance the adaptability of their new products in the field of electric vehicles. At the same time, JAC also promised to give priority to the use of battery and battery pack systems jointly developed by both sides in its future electric vehicles.