According to EnergyTrend，on October 19, the second joint venture between CATL and Chery Automobile — CATL Chery (Wuhu) New Energy Technology Co., Ltd. — was officially registered, with a registered capital of RMB 1 billion.
Data from QCC.com shows that the new company is located in Nanling County, Wuhu City, Anhui Province. Its business scope includes battery manufacturing and sales, production and sales of battery components, and energy storage technical services.
In terms of equity structure, CATL holds a total stake of 51%, including an indirect shareholding of 1.4553%; Chery Automobile holds 49%.
Previously, on February 13, 2026, CATL and Chery established their first joint venture, Times Chery (Hefei) New Energy Technology Co., Ltd. With a registered capital of RMB 2 billion, the company is registered in Chaohu, Hefei. CATL also holds a 51% stake in this entity, while Chery Automobile and Chery Commercial Vehicles hold 42.33% and 6.67% respectively.
A review of the partnership timeline reveals that CATL’s cooperation with Chery Group dates back to December 2022. In that month, CATL and Chery Holding Group signed a framework agreement for strategic cooperation to launch comprehensive collaboration.
In April 2023, the two parties jointly launched the battery brand ENER-Q and announced that sodium-ion batteries would debut on Chery vehicles. They also jointly carried out R&D cooperation on battery products of multiple material systems.
In February 2026, their first cell manufacturing joint venture, Times Chery (Hefei) New Energy Technology Co., Ltd., completed registration. In October 2026, the second joint venture, CATL Chery (Wuhu) New Energy Technology Co., Ltd., was founded.
In terms of business scope, the two joint ventures have similar operational focuses. Both mainly engage in the production and manufacturing of power batteries and battery components, while also covering energy storage-related technologies. To date, details such as production capacity plans and project commissioning schedules for the two joint ventures have not been disclosed to the public.
Source：EnergyTrend
