Shanghai (ZXZC)- On September 22, CATL and Beijing Xianglong Assets Management Co., Ltd. (“Xianglong”) signed a strategic cooperation agreement in Beijing, according to a post on CATL's WeChat account. The partnership aims to develop green, low-carbon industries, facilitating Beijing's development of new energy-related industries.

Photo credit: CATL

Under the agreement, the two companies will collaborate across several areas, including electrification of logistics, construction of electric vehicle charging and battery swapping networks, new energy vehicle promotion, battery recycling, after-sales services, and battery leasing and financing.

Xianglong, which primarily operates in automotive services, trade, and modern logistics, plays an important role in supporting the economic and social development of Beijing city.

Looking ahead, both parties will focus on leveraging their strengths in products, technology, resources, and markets, with the Beijing-Tianjin-Hebei region serving as a focal point. By aligning innovation and industrial chains, the collaboration is set to accelerate progress toward China's "dual carbon" goals of peak carbon emissions and carbon neutrality.