On August 3, CATL, the largerst battery manufacturer in the world, signed a strategic investment and cooperation agreement with Autoflight in which CATL exclusively invested hundreds of millions of dollars to become a strategic investor of Autoflight. Mr. Tian Yu, CATL and the existing investor of Autoflight Team Global will work together to support the development of Autoflight.

Zeng Yuqun, Chairman and CEO of CATL, and Tian Yu, Chairman and CEO of Autoflight, attended and witnessed the signing.

CATL’s exclusive strategic investment in Autoflight reflects a high recognition of Autoflight’s core competitiveness and long-term development potential in the field of electric vertical take-off and landing aircraft (eVTOL). CATL has the world’s leading battery technology and innovation capabilities, and occupies a leading position among the world’s new energy battery suppliers, and its deep R&D strength, strong industrial foundation and strong industrial chain cluster advantages will help Autoflight to make greater breakthroughs in the field of eVTOL. The two parties will combine their respective resources and technological advantages to focus on improving the energy density and performance of eVTOL batteries, supporting eVTOL longer flight range and higher payload, while also ushering in more significant improvements in safety and stability. Through the in-depth cooperation with CATL, Autoflight can not only accelerate the development and application of eVTOL battery technology, but also lead the overall technical capability of eVTOL aircraft to a new height.

Autoflight is currently undergoing CAAC, the Chinese regulator’s certification process for its „Prosperity“ eVTOL. Autoflight has received the type certification from CAAC for the cargo model, V2000CG, of this aircraft in March 2024.