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Daily Newsletter

01 November 2023

Daily Newsletter

01 November 2023

CATL and Jidu enter partnership

Jidu (a Geely/Baidu JV) adds a battery maker for its robocar project

Dani Cole November 01 2023

Jidu and battery maker CATL have signed a strategic cooperation agreement to jointly promote the R&D, mass production and application of new energy technology and products for robot cars (or 'robocars').

Jidu, the joint venture between Baidu and Chinese automaker Geely, was launched in 2021.

CATL has provided high-performance EV battery products and service support for the robocar Ji Yue 01.

Ji Yue is a premium car brand launched by Geely and Baidu earlier this year.

In the future, CATL will continue to support the market business of Jidu, including cooperation in new projects and new technologies and supply of Shenxing superfast charging batteries.

Ji Yue 01

High upfront costs could be detrimental towards the growth of the off-highway EV market

The global off-highway electric market is expected to grow at a CAGR of 17.4% by 2030, per GlobalData. Despite the strong growth, high upfront costs may pose a challenge. Due to the high capacity of these vehicles, they consume large amounts of power from a number of battery packs installed on the vehicle, whose high cost in turn adds to the cost of the vehicle, thereby increasing the initial cost. However, governments worldwide are offering subsidies and tax exemptions in order to help customers to counter the initial purchase cost.

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