Agreement Signed in Shanghai

Shanghai Electric and CATL signed a strategic cooperation agreement in Shanghai. The cooperation will focus on zero-carbon parks, new energy storage, green transportation and international business, supporting new power system construction and the implementation of dual-carbon strategy.

The agreement was signed by Qiao Yinping, Chief Operating Officer of Shanghai Electric, and Zheng Yelai, Co-President of CATL and General Manager of its Zero-Carbon Energy Business Unit. Wu Lei, Party Secretary and Chairman of Shanghai Electric, Jia Tinggang, Party Committee Member and Vice President of Shanghai Electric, Zeng Yuqun, Chairman and CEO of CATL, and Wu Yingming, Director and Chairman of the Ecological Development Committee of CATL, attended and witnessed the signing.

Zero-Carbon Parks and Integrated Scenarios

Under the national 15th Five-Year Plan for building a new energy system, the two companies will advance the implementation of zero-carbon parks and green power direct-connection projects through cooperation in technology, finance and markets, and create integrated zero-carbon demonstration scenarios covering wind, solar, storage and hydrogen.

International Expansion and Demonstration Projects

Shanghai Electric and CATL will promote an integrated overseas approach combining equipment, technology, engineering and services, and build demonstration projects in areas such as new energy power systems and zero-carbon mining.