Caixin Global – Latest China News & Headlines

Home >


CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

Casino Giant Galaxy Entertainment’s H1 Profit Drops 7% as High-Rollers Stay Away
Chinese App-Makers Smell Opportunities in Strict Trash-Sorting Rules
Tencent Posts 35% Profit Rise on Reviving Game Releases
Cathay Pacific CEO Hogg Resigns Amid Hong Kong Protests
Ninebot’s New Scooter Can Drive Itself Back to Charging Stations
Oppo to Unveil New Smartphone With 20x Zoom
Chinese Companies Usher in Age of Synthetic Meat
Record-Smashing Chinese Animation to Get Overseas Releases
WTO to Arbitrate China’s Complaints About U.S. Solar-Cell Tariffs
Vipshop Stock Soars After Q2 Results Beat Expectations
Japan Replaces China as Largest Holder of U.S. Government Debt
Huawei’s First 5G Commercial Phone Gets Warm Response Despite Limited Networks
AI Startup Plans IPO at Value of at Least $1 Billion — in China
Alibaba Q2 Revenue Jumps 42%, Beating Estimates But Slower Than Year Earlier
Baidu’s $66 Billion Dive Knocks It Out of China’s Internet Top 5
Beijing Grants Foreign Investors Wider Access to Entertainment Industry
Tencent-Backed Maoyan Turns Profit on Strong Ad Growth
Chinese App-Makers Smell Opportunities in Strict Trash-Sorting Rules
Casino Giant Galaxy Entertainment’s H1 Profit Drops 7% as High-Rollers Stay Away
Chinese Internet Sector Grows 17.9% Year-on-Year: MIIT
Xiaomi Receives Licenses for Second 5G Phone
Coal Industry Looks to Robots for Increased Safety
No Investor Love for Tencent, Lenovo and Luckin in Latest Reports
CATL, Toyota Team Up for New-Energy Vehicle Batteries

By Tang Ziyi / Jul 17, 2019 05:47 PM / Business & Tech

Photo: IC Photo

Photo: IC Photo

Chinese battery maker Contemporary Amperex Technology Co. Ltd. (CATL) has agreed to partner with Toyota Motor Corp. as Japan’s largest automaker ramps up its efforts to develop and sell greener vehicles.

Under the partnership, CATL will develop and supply batteries for Toyota’s new energy vehicles, according to a statement released Wednesday by the latter company.

The move comes amid a rapid industry shift toward electric vehicles that has carmakers scrambling to lock down future battery supplies.

Toyota has set a goal to get half of its total sales from electrified autos — a category that includes gasoline hybrid, plug-in hybrid, and battery-powered electric vehicles — by 2025, according to Nikkei.

Last month, Toyota teamed up with CATL and BYD Co., both of which are expected to supply lithium-ion batteries for the Japanese automaker, the Financial Times reported.

Related: Toyota to Buy Batteries from China’s CATL and BYD as It Revs Up Electric Car Plans

Contact reporter Tang Ziyi (

Share this article
Open WeChat and scan the QR code
Copyright © 2019 Caixin Global Limited. All Rights Reserved.