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HomeAutomotive news China, Europe, USACommercial vehiclesCATL and COSCO SHIPPING reach strategic cooperation agreement

CATL and COSCO SHIPPING reach strategic cooperation agreement

CATL and COSCO SHIPPING reach strategic cooperation agreement

In Shanghai, China COSCO SHIPPING Corporation Limited (COSCO SHIPPING Group) inked a strategic cooperation agreement with CATL.

Under this Agreement, both parties will leverage their respective strengths to foster extensive collaboration in shipping, comprehensive supply chain management, digitalization, sustainable development, new energy applications, and overseas ventures. Their aim is to continuously bolster the comprehensive competitiveness and global market positioning of both entities, striving for mutual benefits and win-win outcomes.

COSCO SHIPPING Group stands as the world’s largest integrated shipping service provider, boasting a network of shipping routes that span over 1,500 ports across more than 160 countries and regions, and a fleet exceeding 1,400 vessels. Presently, with a commitment to “peak carbon emissions and achieve carbon neutrality,” COSCO SHIPPING Group is prioritizing digital intelligence and green, sustainable development efforts. It is actively establishing an integrated service system encompassing “shipping + ports + logistics,” to construct a globally-oriented, green, and intelligent logistics supply chain service ecosystem, thus propelling the organization toward its goal of becoming a world-class innovative shipping enterprise.

With the strategic cooperation agreement in place, CATL will capitalize on its cutting-edge core new energy technologies, collaborating closely with COSCO SHIPPING Group to capitalize on the opportunity of achieving carbon neutrality. Together, they aim to expedite the decarbonization of domestic and international shipping and shipbuilding industries, spearheading the advancement of green shipping development.

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