According to Wuhan Weilai Battery Asset Co., Ltd., the company recently signed a strategic cooperation agreement with CATL. Both parties will leverage their respective strengths in battery asset management, battery technology innovation, and other areas to deepen cooperation in multiple dimensions such as capital, technology, and business models, jointly promoting the upgraded development of the new energy industry. CATL continues to expand its layout in the battery swapping sector, collaborating with upstream and downstream partners to create an innovative and efficient battery swapping and energy replenishment ecosystem, establishing a full life cycle closed loop from battery R&D to material recycling. This strategic cooperation between the two parties covers multiple areas including equity investment, operation and user services of power battery rental services, joint construction and sharing of battery swapping networks, recycling of power battery resources, cooperation in NEV battery application technologies, and the expansion of other innovative technologies and business models, creating a new cooperation paradigm for collaborative innovation across the upstream and downstream of the new energy industry chain.