Shanghai (ZXZC)- The People's Government of Sichuan Province and CATL recently signed an agreement in Chengdu city to comprehensively cement their strategic cooperation, according to a post on CATL's WeChat account.

Photo credit: CATL

According to the agreement, both parties will broaden the scope of collaboration, deepen cooperation models, and enhance collaboration mechanisms. The focus will be on strengthening cooperation in green energy development, innovative energy storage, and the construction of "zero-carbon industrial parks." The collaboration aims to advance lithium mining resource utilization, propel the construction of CATL's Southwest regional headquarters, and use projects as catalysts to drive the high-quality development of Sichuan's power battery industry, establishing a world-class comprehensive base for new energy industries.

Since the establishment of its wholly-owned subsidiary, Sichuan Contemporary Amperex Technology Limited ("CATL-SC"), in 2019, CATL has invested in and implemented various significant new energy projects in locations such as Yibin, Chengdu, and Ganzi. These projects have played a pivotal role in attracting and establishing supply chain enterprises across multiple cities and prefectures in Sichuan.