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[YesAuto News] BMW Brilliance and Ningde Times (300750.SZ) have deepened their cooperation and appealed to hold shares in Ningde Times. On July 17, CATL announced that it had signed a “Strategic Cooperation Agreement” with BMW Brilliance today. BMW Brilliance will purchase the battery capacity construction project of CATL to supply batteries for BMW Brilliance or its designated affiliates. This project The amount is 815 million yuan.

At the same time, BMW Brilliance plans to purchase designated models of power battery products from CATL for a long period of time and pay an advance payment of 2.85 billion yuan. In return, CATL agreed that BMW Brilliance has the right to make equity investments in the subsequent implementation of domestic or overseas equity financing. The upper limit of the investment is equal to the prepayment amount paid this time, which is 2.85 billion yuan.

Since China began to vigorously promote the development of new energy vehicles, CATL is gradually growing into a giant in the field of power batteries. In 2017, CATL defeated domestic rival BYD, surpassed international battery giants Panasonic and Samsung SDI, and became the world's largest company in power battery shipments. The industry generally believes that CATL is the first echelon enterprise in the domestic power battery field. In order to bind high-quality battery resources, domestic vehicle companies such as Dongfeng Motor, SAIC Motor, and Changan Automobile have invested in Ningde Times.

BMW Brilliance is an “old friend” of the Ningde era. In 2011, BMW Brilliance launched the ZINORO 1E, its first new energy vehicle product. It is the Ningde era that supplies power batteries for it. The cooperation with BMW Brilliance laid the foundation for the follow-up development of CATL in the field of power batteries.

In 2018, with the news of the successful listing of A shares, CATL is becoming more and more popular. In addition to the BMW Group, foreign auto companies such as Volkswagen, Daimler, Jaguar Land Rover, PSA, etc. also appeared on the CATL’s list of intended customers. It is based on this background that BMW Brilliance seeks long-term stable supply through advance payment, and also hopes to invest in CATL to further stabilize the relationship between the two parties.

CATL was listed on the Shenzhen Stock Exchange on June 11. As of press time, the total market value of CATL reached 178.75 billion yuan, and the latest price was 82.28 yuan, a decrease of -1.93%. (Text/Car Home Xiao Ying)