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Mercedes-Benz and CATL as a major supplier team up for leadership in future battery technology

Mercedes-Benz and CATL as a major supplier team up for leadership in future battery technology


CATL Battery

Mercedes-Benz and CATL have today announced an enhanced partnership in the field of battery technology. The electric luxury sedan Mercedes-Benz
EQS will launch next year with a WLTP range of over 700 km, equipped with CATL cell modules. Mercedes-Benz and CATL will jointly boost the
industrialization of lithium-ion batteries in Germany.

Ningde, China/ Mercedes-Benz and Contemporary Amperex Technology Co., Limited (CATL)<300750.SZ> have entered the next stage of their strategic
partnership and will create cutting-edge battery technology in support of the high-volume electrification of the Mercedes-Benz model portfolio. The
Stuttgart-based luxury car maker is accelerating its "Electric First" strategy with advanced, CO2-neutrally produced battery cells, modules and systems
supplied by CATL, a technology leader in lithium-ion batteries. The agreement covers the full range of battery technologies, from cells across modules for
Mercedes-Benz Cars to entire battery systems for Mercedes-Benz Vans in promising innovative technology configurations. This also includes the CATL
cell-to-pack (CTP) design, which eliminates conventional modules and integrates the cells directly into the battery.

"We intend to lead in battery technologies, so we are now combining our own research and development expertise with bold partners. We will integrate
cutting-edge battery systems to create luxury cars with outstanding range, charging speed, safety and sustainability. Working with CATL will see us
accelerate our transformation towards carbon-neutrality,¡± said Markus Schäfer, Member of the Board of Management of Daimler AG  and Mercedes-Benz
AG, responsible for Daimler Group Research and Mercedes-Benz Cars COO. ¡°CATL will be a major supplier securing capacity for the next generations of
our EQ products in the years to come. ¡±


CATL Battery Module


¡°Mercedes-Benz is a special and important partner to CATL. We are very pleased to further expand and upgrade the partnership for both parties¡¯ future
development. Mercedes invented the car more than 130 years ago and has developed its technology with countless innovations. This combined with CATL¡¯s
expertise in battery, will be a decisive step to both parties¡¯ electrification strategies,¡± said Dr. Robin Zeng, Founder, Chairman and CEO of CATL. ¡°Together
we collaborate on developing and delivering reliable, competitive solutions to promote worldwide e-mobility.¡±



Electrification of its model portfolio with innovative battery technologies


Battery cells are at the heart of highly complex battery systems. Their chemistry contributes significantly to the performance, range and service life of electric

vehicles. Through its strategic partnership with CATL, Mercedes-Benz will advance its development of current and future best-in-class lithium-ion batteries.
The two partners have already started working on future battery generations to be introduced in a number of vehicles within the next few years. The clear goal
is to shorten development cycles, significantly increase the ranges of future batteries through advances in energy density and reduce charging times. In order
to make electrification even more attractive for customers in the luxury segment, the goals set are ambitious: With the EQS luxury sedan, which will be delivered
to customers next year, the development goal is a long-distance range of more than 700 km (WLTP range) and a doubling of the charging speed compared to
current models. The Mercedes-Benz EQS will also be equipped with CATL cell modules.

¡°Daimler will continue to strengthen its global competitiveness and enhance efficiency by working with strong and innovative partners to pursue our future strategy,
including electric mobility. In China, we have established strong cooperation with key industry and technology players over the years that have contributed not only
to our strong growth momentum but also brought efficiency in production, purchasing and research and development¡±, said Hubertus Troska, Member of the Board
of Management of Daimler AG, responsible for Greater China. ¡°We are now pleased to bring our cooperation with CATL, a world-leading battery manufacturer from
China, to a new level and will further integrate this partnership into our strategy of ¡®Electric First¡¯ and sustainable development. We believe such cooperation will
enable Daimler to continue to delight our customers with technology leadership and accelerated innovation.¡±

Mercedes-Benz and CATL are committed to engineer and produce quality- and performance- leading batteries with the most sustainable footprint possible.



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