ABS and Contemporary Amperex Technology Co. Ltd. Sign Battery Research Agreement

Pictured from Left to Right:  Qu Tao, Assistant to the Chairman of CATL and Dr. Xioazhi (Christina) Wang, ABS Vice President, Global Marine, at signing of battery project agreement.

(SHANGHAI) ABS and the Contemporary Amperex Technology Co., Limited (CATL) are to work together to research lithium battery propulsion for next generation vessels.

The Frame Cooperation Agreement, signed at Marintec, will see ABS and CATL jointly carry out the research on the technical standards for battery-powered vessels, including key safety-related technologies such as the propulsion system, charging system, power battery compartment layout and fire control.

The project also covers research into the technical standards of lithium batteries, including various battery material properties and combustion mechanisms as well as the performance of safety system, such as monitoring and early warning of thermal diffusion. The work will support revision of the classification of lithium battery inspection guidelines and drive improvements in the standard system for lithium batteries for ships.

“Vehicle designs have taken advantage of new battery technologies such as Lithium batteries originally developed for the telecommunications industry with considerable success. ABS and CATL are at the forefront of exploring how to harness the potential of these new battery technologies to power ocean going vessels,” said Dr. Xiaozhi (Christina) Wang, ABS Vice President, Global Marine. “Battery technology can certainly contribute to fuel savings and therefore GHG emissions reduction in a number of ways which make this an exciting area for practical research.”

“The Li-Ion battery technology of CATL is already being applied to electric passenger vehicles, buses, electric trucks and a range of other vehicles.  We look forward to working with ABS to expand this technology to vessels and realizing our shared vision of a more sustainable society in the near future,” said Qu Tao, Assistant to the Chairman of CATL.

About ABS

ABS, a leading global provider of classification and technical advisory services to the marine and offshore industries, is committed to setting standards for safety and excellence in design and construction. Focused on safe and practical application of advanced technologies and digital solutions, ABS works with industry and clients to develop accurate and cost-effective compliance, optimized performance and operational efficiency for marine and offshore assets.

About Contemporary Amperex Technology Co., Limited

Contemporary Amperex Technology Co., Limited ("CATL") is a global leader in the development and manufacturing of lithium-ion power and energy storage batteries, with businesses covering R&D, manufacturing and sales in battery system for new energy vehicle and energy storage system. In 2018, the company's sales reached 21.31 GWh worldwide, which was leading in the world (according to data from SNE Research).

Headquartered in Ningde, China, CATL has more than 24,000 employees around the world and subsidiaries in Beijing, Liyang (Jiangsu Province), Shanghai and Xining (Qinghai Province), as well as in Munich (Germany), Paris (France), Yokohama (Japan), Detroit (USA) and Vancouver (Canada).  In addition, the company owns and operates battery manufacturing facilities in Fujian, Jiangsu and Qinghai provinces, and the Europe plant located in Erfurt, Germany, as well as the first overseas plant, is under construction. In June 2018, the company went public on the Shenzhen Stock Exchange with stock code 300750.

For more information, please visit: http://www.catlbattery.com/.