By signing of multiple agreements, a formal business relationship has been established between the companies to build Aptera’s battery pack program, develop other energy solutions and pave the way for the creation of a joint venture subsidiary dedicated to advancing these initiatives.
CTNS is a vertically integrated expert in battery innovation technology offering services for the development, manufacturing, and management of battery packs for industries including robotics, electric vehicles and air mobility. CTNS will bring in its expertise to support Aptera’s resources in designing, building and validating a battery pack program that is high-quality, energy-efficient and reliable. The company will source and install battery production lines at Aptera’s headquarters in Carlsbad, California and supply the Aptera Battery Pack for its highly efficient solar-electric vehicle.
Joint venture for battery pack program
CTNS has become the largest battery pack supplier for the robotics industry in South Korea. Headquartered in Changwon, the company offers end-to-end development and manufacturing of battery packs for companies including HL Mando, a supplier for Hyundai & KIA Motors, Hyundai Robotics, Hyundai Mobis, SK E&S and more.
The master supply and investment agreements, signed at the close of 2023, are only part of a greater partnership between the two companies, who signed an MOU to establish a joint venture company for Aptera’s battery pack program and other energy solutions.
About Aptera Motors and their vehicle
Aptera Motors is currently developing what is expected to become the world’s most efficient solar-electric vehicles (SEVs), made possible by breakthroughs in battery efficiency, aerodynamics, material science and manufacturing. The three-wheeled Aptera model is the first in a series of eco-friendly vehicles that will be offered for consumer and commercial use. With up to 1,600 kilometres per charge, it has the longest range of any production EV. Its integrated solar panels allow it to travel up to 60 kilometres per day on free power from the sun. The Aptera’s unique shape allows it to slip through the air using far less energy than other electric and hybrid vehicles today.
