FAW Jiefang, CATL, TELD Launch Whale E-Lease Brand for New Energy Commercial Vehicle Leasing
FAW Jiefang, CATL, and TELD have launched the Whale E-Lease Brand, a new energy commercial vehicle leasing service with a 'vehicle-battery separating' model, at a conference in Chengdu.
100,000 vehicles
> RMB 30 billion
12
What Happened
Jiefang CATL, a joint venture of FAW Jiefang, CATL, and TELD, launched the Whale E-Lease Brand at the FAW Jiefang 2026 Global Partners Conference in Chengdu on December 14. The brand focuses on full lifecycle services for new energy commercial vehicles, including vehicle and battery leasing, using a 'vehicle-battery separating' business model to lower purchase barriers. Li Sheng, Chairman of FAW Jiefang, said the brand reflects business model innovation and supports national green strategies. The company plans to grow the fleet to 100,000 vehicles and total assets over RMB 30 billion in three to five years. The first 12 Leasing and Sales Centers were authorized at the launch.
“The launch of the Whale E-Lease Brand reflects not only an innovation in business model, but also a significant practice that responds to national strategies and promotes the green development of auto industry.”
100,000vehicles
within 3-5 years
> RMB 30 billionRMB
within 3-5 years
Why this matters
The brand lowers the entry barrier for users to purchase new energy commercial vehicles and aims to build a fleet of 100,000 vehicles within three to five years, supporting green transportation.
Terms in This Story
- Vehicle-battery separating
- A business model where the vehicle and battery are owned separately to reduce upfront costs for buyers.
- New energy commercial vehicles
- Commercial vehicles powered by alternative energy sources like electricity or hydrogen.
- Jiefang CATL
- A joint venture between FAW Jiefang, CATL, and TELD focusing on new energy commercial vehicle services.
Summarised from the linked release; details can be imperfect — always verify against the original source.