CTNS signs 9 million dollars ev battery pack supply deal with US-based Aptera.
Thrilled to announce that Aptera Motors & CTNS signed the master supply agreement & investment agreement at CTNS Headquarter on the 22nd of December 2023!
Provincial Council Dr. Jeon Ki-poong & members of Erae visited the site to celebrate the future of both companies. The purpose of the agreements is to formalize the business relationship between two entities and build a sound foundation for their future cooperations. Upon these agreements, CTNS will install the battery production lines and supply the battery packs to Aptera Motors as a tier-1 supplier and invest some million dollars in Aptera Motors. The total size of the contract is more than 15 million dollars.
Dr. Jeon Ki-poong commented at his welcoming speech that:
As a leading startup representing Gyeongsangnam-do, CTNS has done remarkable jobs and contributed to our regional prosperity.
“We are happy to support CTNS‘s global business with Aptera Motors and good package programs including Gyeongnam Technopark will be provided.”
Ki-jeong Kwon, CEO of CTNS remarked:
I believe that this is an important moment for CTNS to leapfrog to the future unicorn in global market, and sincerely appreciated to Chris Anthony & Aptera Motors to become our partner for the journey.
Chris Anthony responded:
Happy to invite CTNS as an official partner for Aptera Motors and was impressed a lot by the enthusiasm & spirit of the Korean startup.
READ the latest Batteries News shaping the battery market
CTNS signs 9 million dollars ev battery pack supply deal with US-based Aptera. source
