AutoFlight and CATL partner to develop eVTOL batteries
AutoFlight and CATL (Contemporary Amperex Technology) announced an exclusive strategic investment and cooperation agreement to jointly research and develop eVTOL (electric vertical take-off and landing) and battery technology.
Leo Chen (right), from CATL Investment Management Department, and Jade Wei, Chief Financial Officer of AutoFlight, signed the strategic investment agreement.
CATL will invest hundreds of millions of dollars in the strategic cooperation. The two companies will focus on enhancing the energy density and performance of eVTOL batteries, as well as elevate the overall technical capabilities of eVTOL aircraft to new heights.
AutoFlight will expedite the R&D and airworthiness certification of its manned Prosperity passenger aircraft, while collaborating with leaders in the new energy sector to advance the R&D, commercialization, and market expansion of eVTOL technology, ultimately creating a more comprehensive and intelligent air travel solution.
