Contemporary Amperex Technology Company (CATL) and VinFast Trading & Manufacturing Joint Stock Company (VinFast) on Monday announced a Memorandum of Understanding for global strategic cooperation to expand collaboration in areas including CIIC (CATL integrated intelligent chassis) skateboard chassis products.

VinFast said in a statement that according to the agreement, CATL and VinFast intend to explore various forms of cooperation on CIIC skateboard chassis on top of the current cooperation on battery supply with CTP (cell-to-pack) technology between the two companies, which will provide VinFast rapid access to the global market.

CIIC skateboard chassis integrates battery packs, electric motors, and other critical units into a single layer at the bottom of the vehicle, lowering purchasing cost, vehicle weight and energy consumption while maximizing cabin space for optimal driving experiences.

In addition to the collaboration on CTP batteries and skateboard chassis, CATL is poised to cooperate with VinFast with respect to other areas, thus promoting battery innovation and e-mobility transition.

“VinFast connects global intelligence to promote research and production of smart electric vehicles,

“Collaboration with CATL – a global leader of new energy innovative technologies – is the next development milestone of VinFast in applying advanced technology to enhance driving range and experience while offering competitive pricing, making smart electric vehicles more efficient and accessible to everyone,” said Le Thi Thu Thuy, Vingroup Vice Chairwoman and VinFast Global Chief Executive Officer.

By leveraging CATL’s cutting-edge batteries, VinFast said its innovative electric vehicles (EVs) will reach new heights in terms of range, safety, and intelligent driving.

It said the cooperation will also enable CATL to enhance its global footprint, especially in emerging markets, and promote the application of new EV technologies.

It also said the elevated cooperation will enable both companies to promote innovation of battery technologies and global e-mobility, contributing to global drive for energy transition and carbon neutrality goals.

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.

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 material and electrochemistry system, structure system, extreme manufacturing and business models.

VinFast – a member of Vingroup – envisioned to drive the movement of global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.

Established in 1993, Vingroup is one of the leading private conglomerates in the region, with a total capitalization of $35 billion from three publicly traded companies (as of November 4, 2021). Vingroup currently focuses on three main areas: technology and industry, services and social enterprise.

VinFast announces its headquarters in Germany, France & The Netherlands