[SMM Analysis] CATL and Shouqi Group Sign Strategic Cooperation Agreement - Involving Battery Recycling

Published: Sep 30, 2025 20:48

On September 25, CATL and Shouqi Group signed a strategic cooperation agreement. The two parties will promote vehicle electrification transformation, after-sales services, waste battery recycling, and the layout of charging and battery swapping facilities in areas such as automobile passenger transport, car rental, automotive services, and automotive energy supply. Centered around the national "dual carbon" goals, they aim to accelerate the creation of a "new model" for the new energy transformation and development of travel services.

With the vigorous development of the NEV industry, battery recycling has evolved from an environmental protection issue into a vast commercial blue ocean. Battery recycling is not only a step for handling waste but also a key to ensuring resource security and achieving sustainable industrial development.

The cooperation between CATL and Shouqi Group establishes a full life cycle management model.

According to the agreement, the two parties will focus on the national "dual carbon" goals to create a "new model" for the new energy transformation and development of travel services. As a comprehensive automotive travel service provider, Shouqi Group operates diverse travel service scenarios, including "Shouqi Ride-hailing, Shouqi Car Rental, and Shouqi Car-sharing."

This means that CATL is not only a battery supplier but will also become the preferred brand for Shouqi Group's new energy power batteries in the travel industry, undertaking full-chain responsibility from battery supply to recycling and reuse.

This cooperation model enables the sharing and traceability of battery data, establishing a "digital ID" for each battery, which greatly enhances the efficiency and safety of subsequent recycling and reuse.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth
7 mins ago
Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth
Read More
Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth
Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth
On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State
7 mins ago
Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run
10 mins ago
Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run
Read More
Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run
Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run
On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.
10 mins ago
750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational
11 mins ago
750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational
Read More
750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational
750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational
On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.
11 mins ago
[SMM Analysis] CATL and Shouqi Group Sign Strategic Cooperation Agreement - Involving Battery Recycling - Shanghai Metals Market (SMM)