Multiple press reports say that the world’s largest battery manufacturer Contemporary Amperex Technology Co., Limited (CATL) has invested “hundreds of million dollars” in China’s eVTOL manufacturer Autoflight.
According to CNEVpost: “CATL and Autoflight signed an agreement on August 3 to invest hundreds of millions of dollars exclusively in the eVTOL maker as a strategic investor…This is the first time a CATL investment in an eVTOL maker has been made public…The two will establish a long-term partnership dedicated to the research and development of eVTOL aviation batteries.”
The Chinese battery maker unveiled the Condensed Battery in April 2023, which it said at the time was expected to be used in electric aircraft.
For more information
https://cnevpost.com/2024/08/03/catl-invests-in-autoflight-targets-evtol-sector/#:~:text=CATL%20and%20Autoflight%20will%20establish,work%20on%20eVTOL%20aviation%20batteries.&text=CATL%20has%20invested%20in%20Autoflight,beyond%20electric%20vehicles%20(EVs).