en.Wedoany.com Reported - According to a statement released by the Mongolian government on June 25, Prime Minister Luvsannamsrain Oyun-Erdene led a delegation to Dalian, Liaoning Province, China, to attend the 17th Annual Meeting of the New Champions (Summer Davos Forum) of the World Economic Forum held from June 23 to 25, 2026. During the forum, he met with Robin Zeng, founder and chairman of Contemporary Amperex Technology Co., Limited (CATL).
The Mongolian government stated that Prime Minister Oyun-Erdene's "Liberation" policy is driving continuous improvements in the infrastructure environment and gradually restoring international investors' confidence in Mongolia's investment climate.
During the talks, the two sides exchanged views on topics including Mongolia's energy transition, battery energy storage infrastructure construction, equipment maintenance services, battery recycling, and the implementation of high value-added manufacturing projects. They also explored possibilities for cooperation in areas such as processing and purification of raw materials meeting battery quality standards, assembly of parts and components in Mongolia, establishment of a battery waste recycling system, and related technical collaboration.
The Mongolian government believes that the implementation of these projects will help enhance the stability of Mongolia's power system, expand the scale of renewable energy integration, strengthen the grid's peak-shaving and valley-filling capabilities, and lay an important foundation for future economic development in areas such as electric mobility, green data centers, and artificial intelligence infrastructure.
CATL is a globally leading new energy technology enterprise, with its main business covering electric vehicle power batteries, energy storage systems, battery recycling, battery swapping solutions, and smart energy systems. According to data released by the Mongolian government, the company achieved operating revenue of 423.7 billion yuan in 2025, sold 661 GWh of lithium-ion batteries throughout the year, maintained its position as the global leader in the power battery market for the ninth consecutive year, and held a 39.2% share of the global market. Meanwhile, the company ranked first among global energy storage battery suppliers for the fifth consecutive year.
The Mongolian government pointed out that the entry of globally leading technology manufacturing enterprises as strategic investors in Mongolia reflects growing confidence from international capital in Mongolia's energy reform, green transition, and energy storage infrastructure construction.
The government also noted that under the framework of Prime Minister Oyun-Erdene's "Liberation" initiative, Mongolia is focusing on addressing long-standing issues in the energy sector, such as approval permits, regulatory coordination, slow decision-making processes, and procedural duplication, and is developing roadmaps for projects that have been stalled for years.
As one of the outcomes of the reforms, Mongolia has for the first time launched open competitive bidding for renewable energy projects in five zones of the central power grid, attracting investment interest from 115 companies, of which 19 formally participated in the bidding. During the bidding process, the lowest electricity supply offer dropped to 4.8 US cents per kWh. The Mongolian government believes this demonstrates the initial effectiveness of a new bidding mechanism based on openness, transparency, full competition, and market principles.
The government also stated that the participation of domestic and international investors in open competitive bidding without requiring additional government guarantees indicates that the investment community maintains confidence in Mongolia's fair, transparent, and competitive investment environment.
In recent years, Mongolia has been steadily advancing energy market reforms, accelerating the development of renewable energy and energy storage systems, and actively attracting international capital to participate in the energy transition. The World Economic Forum's 2026 Summer Davos Forum was held in Dalian, China, from June 23 to 25, bringing together over 1,800 representatives from politics, business, and academia from more than 90 countries and regions. The discussions focused on topics such as technological innovation, energy transition, the digital economy, and industrial upgrading. As a global leader in power batteries, CATL has maintained its leading position in the global market for many years and continues to expand its business layout in energy storage, battery recycling, and smart energy systems, which aligns closely with Mongolia's current direction of promoting energy structure adjustment and new energy infrastructure construction.
If CATL subsequently reaches and implements cooperation projects with Mongolia in areas such as battery energy storage, raw material processing, parts assembly, and recycling, it will further enhance the synergy of the China-Mongolia new energy industry chain, facilitating deeper cooperation between the two sides in fields such as new energy equipment manufacturing, utilization of critical mineral resources, grid energy storage, and green energy infrastructure. However, the final scale of project implementation, investment methods, and business models will still be subject to subsequent formal agreements and project approval results, and no inferences should be made beyond officially published content.
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