Electric Last Mile Solutions Inc. announced major progress in its vehicle battery strategy with an eye towards potential U.S. localization of its electric vehicle batteries. ELMS reached an agreement with Contemporary Amperex Technology Co., Limited (“CATL”), the global leader of new energy innovative technologies, to supply batteries and secure production capacity needed for its all-electric Class 1 Urban Delivery commercial vehicle. The agreement secures battery supply through 2025. CATL will provide a 42-kWh lithium-ion battery in the lithium-iron phosphate (LFP) chemistry system, which has demonstrated high safety and reliability, as well as long cycle life. By leveraging CATL’s cell-to-pack (CTP) technology, the battery pack’s design improves system energy density, simplifies manufacturing and results in cost savings. Additionally, both sides are collaborating on future battery localization in the U.S.