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CATL Signs Agreement with Fuzhou Public Transport Group to Extend Battery Assets to Recycling
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Fuzhou Public Transport Group entered into a strategic cooperation framework agreement with CATL (03750.HK) yesterday (11th) in Ningde City, Fujian Province.

The two parties will collaborate in areas such as aftermarket services for bus batteries, the construction of urban battery swapping networks, battery recycling and vehicle-to-grid (V2G), etc..

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This agreement aims to address the challenges of energy replenishment efficiency and battery lifespan following the large-scale operation of electric buses, jointly building a safer, more efficient, lower-carbon and smarter energy system for urban public transportation, so as to advance the spread of battery assets from 'use' to 'recycling.'
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