Electrification Landscape Changes? Another Automaker Welcomes "King Ning" Support

Another automobile company has chosen to establish a deep partnership with CATL.

On October 25th, Jianghuai Automobile Group (JAC Group) and Contemporary Amperex Technology Co., Limited (CATL) reached a comprehensive strategic cooperation. The two parties will engage in in-depth collaboration focusing on three main areas: technological innovation, supply chain coordination, and overseas market expansion. CATL has referred to this as "embarking on a new ten-year journey together."

Xiang Xingchu, Party Secretary, Chairman, and General Manager of Jiangqi Group Holding Company, and Zeng Yuqun, Chairman and CEO of CATL, jointly attended and witnessed the signing, which reflects both parties' high regard for this cooperation.

In the view of industry insiders, this collaboration has transcended the traditional supplier-customer relationship, marking a new era.New energy vehiclesThe industrial chain is moving towards a more integrated and collaborative development.

Additionally, under the escort of "Ning Wang," Jiangqi Group's high-end and internationalization...New EnergyThe road of automobiles may become more stable.

Strengthen the supply chain and capture incremental markets.

According to data from the China Association of Automobile Manufacturers, September of this year marked a milestone for China's new energy vehicle market, with a monthly penetration rate reaching 58.37%, setting a new historical high. This means that for every 10 passenger cars sold, nearly 6 are new energy models, and the monthly sales of new energy vehicles have reached 1.4 times that of fuel vehicles.

In the development of the new energy vehicle industry, the game between automobile manufacturers and battery suppliers has always been a focal point of the industry. However, the current situation is changing: the simple supply and demand relationship is shifting towards strategic cooperation characterized by "deep integration."

Faced with vast market prospects, building a solid supply chain alliance has become a key step for all parties to enhance their core competitiveness. For car companies, ensuring a stable supply of core components like power batteries has become a crucial battleground to seize the initiative in the wave of electrification.

Image Source: JAC Group

In the context of increasing emphasis on supply chain stability, this collaboration ensures Jiangqi Group's supply of high-quality batteries in the coming years.

Industry experts mentioned in an interview with Gasgoo Auto that amidst the current competitive climate in the industry, automotive companies and battery enterprises should develop in a coordinated manner. From the perspective of batteries, technology needs continuous optimization; while from the perspective of automotive companies, there is a need to enhance performance without increasing costs. Therefore, different automotive companies, different application models, and even different scenarios require a high degree of coordination. For example, when car companies launch high-voltage platform ultra-fast charging models, it necessitates coordinated development between battery companies, automotive companies, and even charging pile companies.

Around the Jiangqi Group's premium supply chain strategy, both parties will integrate advantageous resources and engage in deep cooperation in three major directions, including more stable supply and more advanced products.

Specifically, CATL will provide long-term, high-quality power battery support for all models of JAC Group, ensuring supply chain security and continuous technological leadership. The two parties will engage in comprehensive cooperation in key areas such as supercharging, dual-core, battery life extension, CIIC integrated intelligent chassis, battery swapping ecosystem, and battery data applications, ensuring that new technologies can be quickly applied to mass-produced vehicles, achieving "technology as product."

Accelerating towards high-end and internationalization.

This time, the cooperation between JAC Group and CATL aims to explore broader markets – going overseas.

In the midst of the accelerated evolution of unprecedented changes not seen in a century worldwide, the phenomenon of Chinese enterprises venturing abroad has become a notable trend. As one of the earliest independent brand automotive companies in China to "go global," JAC Group is seizing the wave and opportunity presented by the transformation of the automotive industry, accelerating the pace of exporting smart electric vehicles amidst the tide of new energy vehicle exports.

As early as 2006, JAC Group established its International Business Department, and its export business entered a fast track of development. According to this agreement, CATL and JAC Group will jointly create products that meet global market demands.New EnergyModels, promoting its passenger vehicle brands (JAC, Yiwei, Ruifeng) and commercial vehicle brands (Ankai) to reach global markets.

It is worth noting that it assists China.New energy vehiclesAdvancing the industry to a higher level is also a key aspect of this cooperation that cannot be ignored.

Image Source: JAC Group

This signing is not the "first" collaboration between JAC Group and CATL. Previously, the "Zun Jie" series models under JAC Group have applied CATL's advanced products such as the Qilin battery and Xiaoyao battery, which encompass leading technologies like ultra-fast charging, dual-surface cooling, NP2.0 thermal protection, and ultra-safe bottom protection. These technologies comprehensively enhance the safety and performance of both the battery and the vehicle, optimizing the user experience for end-users.

Zunjie S800 is not only a collaboration between JAC Motors and... This is an important result of strategic cooperation and a microcosm of the Chinese automotive industry's development towards high-end, luxury, and intelligence. Notably, within four months of its launch, the Zunjie S800 has surpassed 15,000 pre-orders, marking its transformation from a "market trial" to a "blockbuster."

Currently, Zunjie is taking the lead in domestic production.Luxury carA research report by CITIC Securities believes that the Zunjie S800 fundamentally differs from BBA and Porsche products, and its market share may greatly exceed expectations.

In July this year, JAC Motors released a revised draft for a private placement, intending to raise 3.5 billion yuan. The plan involves a total investment of 5.875 billion yuan for the development of a high-end intelligent electric platform project, aiming to create a new high-end intelligent series of models covering major types of passenger vehicles such as sedans, SUVs, and MPVs.

According to Xiang Xingchu, JAC will accelerate the development of the second and third products of the Zunjie series, extending the brand's long-tail effect to provide the market and consumers with more ultra-luxury product choices that belong to the Chinese people.

This collaboration between JAC Group and CATL has gone far beyond a simple supply and demand relationship. It is both a "set sail for overseas" and a "concerted effort to advance." By integrating JAC's vehicle platforms and overseas experience with CATL's cutting-edge batteries and global network, the two parties are jointly pioneering a new course for the development of the Chinese new energy vehicle industry.