CATL, Pingmei Shenma team up on smart zero-carbon industrial park model for coal chemical sector

Shanghai (Gasgoo)- On November 22, China Pingmei Shenma Group (Pingmei Shenma") and CATL signed a strategic cooperation agreement in Ningde city, Fujian Province, marking the first collaboration between CATL and a major state-owned coal chemical enterprise, according to a post on CATL's WeChat account. The partnership sets a new benchmark for efficient collaboration and deep integration between the new energy and traditional energy sectors.

Photo credit: CATL

The two companies will focus on equity investment and fund cooperation, exploring innovative investment models and mechanisms to provide strategic guidance and financial support for industry development. Leveraging their respective strengths in industries, expertise, and talent, they aim to integrate resources effectively, develop advanced energy storage ecosystems, and maximize energy efficiency.

In the realm of zero-carbon applications, the partnership will pioneer "zero-carbon scenarios," including a smart zero-carbon industrial park model for the coal chemical sector and other high-impact demonstration projects. This effort seeks to address emerging challenges and opportunities posed by climate change.

Additionally, the two companies will collaborate on establishing a closed-loop battery recycling industry, optimizing supply chain integration, driving breakthroughs in scientific research, and contributing to industry regulations and national standards. Together, they aim to accelerate progress toward carbon neutrality.

Pingmei Shenma, a state-owned conglomerate with diversified industrial chains based on coal and salt, operates across regions, industries, and ownership structures. Moving forward, CATL and Pingmei Shenma plan to jointly build a comprehensive and sustainable new energy industrial cluster in Henan province, advancing innovation and strengthening the local market.