On July 19th, COMAC, CATL, and Shanghai Jiaotong University jointly established a joint venture named COMAC CATL Aviation Co., Ltd. According to the business registration information, COMAC CATL Aviation Co., Ltd. has a registered capital of RMB 600 million (USD 83 million) in the Lingang Area of Shanghai.
The legal representative of COMAC CATL Aviation Co., Ltd. is Qian Zhongyan. He currently serves as the Chief of the COMAC Beijing Civil Aircraft Technology Research Center and was formerly the Deputy Chief Designer of the COMAC C919.
COMAC plays a vital role in achieving the industrialization of China's civil aviation sector. Currently, COMAC has completed the production and delivery of two China-manufactured aircraft, the ARJ21 regional jet, and the C919 passenger aircraft.
On the other hand, CATL is a global leader in the field of power batteries, holding a significant market share in China's power battery installation, which has surpassed 50%.
The establishment of the new joint venture company is aimed at a pre-research project for an electric aircraft to develop a fixed-wing electric aircraft. However, this project is still in the initial pre-research stage at the COMAC Beijing Research Center and is a long way from production.
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