Aptera Forms Strategic Alliance with CTNS for Battery Packs

🔋Aptera forms a strategic alliance with CTNS to manufacture battery packs for their electric vehicles.

🚗The partnership with CTNS will accelerate the validation and certification of Aptera's battery packs.

🌍Aptera's goal of making the most efficient EV in the world aligns with CTNS's commitment to a sustainable future.

💼CTNS will contribute $5 million to Aptera and establish a joint venture company for battery pack production.

⚙️Initially, battery packs will be manufactured in Korea, but long-term production will move to Carlsbad, California.

Who is CTNS?

—CTNS is a South Korean company with expertise in building high-quality energy-dense and reliable battery packs.

What is the purpose of the strategic alliance?

—The alliance aims to accelerate the validation and certification of Aptera's battery packs.

What are the benefits of the partnership?

—The partnership allows Aptera to build their battery pack line faster and reduce the risk and overall cost of their vehicle program.

Where will the battery packs be manufactured?

—Initially, the battery packs will be manufactured in Korea, but long-term production will move to Carlsbad, California.

How will CTNS contribute to Aptera?

—CTNS will contribute $5 million to Aptera and establish a joint venture company for battery pack production.

00:00Aptera announces strategic alliance with CTNS to manufacture battery packs for electric vehicles.

00:10CTNS is known for their expertise in building high-quality battery packs.

00:24The alliance will accelerate battery pack validation and certification.

01:46CTNS CEO expresses belief in Aptera's goal of making the most efficient EV.

03:13CTNS will contribute $5 million to Aptera and establish a joint venture company for battery pack production.

03:50Initially, battery packs will be manufactured in Korea, then production will move to Carlsbad, California.

04:23CTNS has access to advanced manufacturing facilities in Korea to support battery pack testing and manufacturing.

05:32Aptera thanks investors for reaching a milestone of $30 million in funds raised through their Accelerator program.