CATL and ZF Join Forces for an Optimal Aftermarket Service in E-Mobility and Energy Storage

CATL,ZF signed a global strategic partnership agreement to push forward cooperation in aftermarket services

It represents an important step in CATL's globalization strategy. The partnership will improve the core competitiveness of both CATL and ZF in e-mobility

Both sides will play a greater role globally in building up sustainable automotive & industrial ecosystem.

NINGDE,China,Nov. 19,2021 --On November 19,Contemporary Amperex Technology Co.,Limited (CATL) and ZF Group signed a global strategic partnership agreement to push forward cooperation in aftermarket services,including service network,battery-related training,connectivity,re-purposeetc.ZF and CATL intend to facilitate mutual transfer of knowledge and expertise,according to the agreement,to enable a sustainable ecosystem and with that an attractive mobility experience for everyone.

CATL,a global leader in new energy technologies,will enhance its global aftersales capabilities and efficiency with the collaboration with ZF,which,with more than 10,000 workshop partners in its global aftermarket and with the growing products for electric vehicles in OEM quality,will be considered the preferred option in CATL's service network expansion.

Under the agreement,CATL will provide ZF with comprehensive battery training know-how,which will be combined with ZF's DGUV high voltage training so as to enhance the competitiveness of its training programs and other aftersales services. The two parties also agree to jointly establish and uplift standards to be the benchmark for the industry.

With the common vision and mission on sustainability,CATL and ZF also agreed to cooperate on data connectivity and re-purpose.

"The partnership with ZF is an important step towards developing a global comprehensive value chain of batteries. With the support of ZF's worldwide network,we will further enhance our global aftermarket service and continue to deliver customer-driven new energy products to the world," said Zhou Jia,president of CATL. "Together with ZF,we are also confident that we can contribute to the global trend towards e-mobility and net zero emissions."

"Enabling creative collaboration between companies can jump-start business innovation. We are proud to be able to complement our aftermarket competencies with those of one of the world's leaders innew energy. Together withCATL we will bring the global footprint and leading service solutions of ZF's Aftermarket Division further into play",said Dr. Holger Klein,member of the Board of Management,ZF Group. "We want to drive growth which regenerates and actually improves our natural world. ZF is pursuing corporate responsibility in green energy and low carbon outlay and is committed to realizing the future vision of 'zero emission and zero accident'."

About CATL

Contemporary Amperex Technology Co.,Limited (CATL) is a global leader in new energy technology innovation,committed to providing premier solutions and services for new energy applications worldwide. In June 2018,the company went public on the Shenzhen Stock Exchange with stock code 300750. According to SNE Research,in the year 2020,CATL's EV battery consumption volume ranked No.1 in the world for four consecutive years. CATL also enjoys wide recognition by global OEM partners. To achieve the goal of realizing fossil fuel replacement in stationary and mobile energy systems with highly efficient electrical power systems that are generated through advanced batteries and renewable energy,and promote the integrated innovation of market applications with electrification and intelligentization,CATL maintains continuous innovation in four dimensions including battery chemistry system,structure system,manufacturing system and business models.

For more information,please visit http://www.catl.com

About ZF

ZF is a global technology company supplying systems for passenger cars,commercial vehicles and industrial technology,enabling the next generation of mobility. ZF allows vehicles to see,think and act. In the four technology domains of Vehicle Motion Control,Integrated Safety,Automated Driving,and Electric Mobility,ZF offers comprehensive product and software solutions for established vehicle manufacturers and newly emerging transport and mobility service providers. ZF electrifies a wide range of vehicle types. With its products,the company contributes to reducing emissions,protecting the climate and enhancing safe mobility.

In fiscal year 2020 ZF reported sales of €32.6 billion. The company employs more than 150,000 associates at approximately 270 locations in 42 countries.

ZF Friedrichshafen AG's leading aftermarket and fleet solutions portfolio is built on its strong brands; Lemförder,Sachs,TRW and WABCO. A broad product and service offering,advanced connectivity solutions for digital mobility management and a global service network,support and enhance the performance and efficiency of all vehicle types throughout their life cycle. The company's aftermarket organization is both an architect and pacesetter for the Next Generation Aftermarket and the preferred partner for fleet and aftermarket customers worldwide.

For further press information and photos please visit:www.zf.com