China's CATL and Xiamen C&D Group Sign Memorandum to Deepen New Energy Industry Chain Cooperation

en.Wedoany.com Reported - On May 14, Zeng Yuqun, Chairman and General Manager of CATL, visited C&D Group and held talks with Xu Xiaoxi, Party Secretary and Chairman of C&D Group. The two sides reached a consensus on strengthening upstream and downstream cooperation in the new energy industry and promoting high-quality development of the sector, and jointly attended the signing ceremony for a key cooperation project.

The two sides stated they will deepen all-round strategic synergy, explore paths for resource complementarity and advantage integration, advance full-chain cooperation in the new energy industry, support the construction of Xiamen Zero-Carbon Technology City, and build a new energy industry innovation hub.

Following the talks, C&D Inc., a subsidiary of C&D Group, signed a strategic cooperation memorandum with CATL. According to the memorandum, the two sides will leverage their respective strengths: C&D Inc. will rely on its globalized layout, overseas resource integration, and full-chain supply chain operation capabilities, while CATL will utilize its leading battery energy storage technology and brand influence. Using overseas investment as a link, they will carry out in-depth cooperation around the upstream and downstream of the new energy industry.

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