CATL, Conch Group form strategic cooperation to drive green transformation

Shanghai (Gasgoo)- Chinese power battery giant CATL and Anhui Conch Group ("Conch"), a main player in China's cement industry, recently signed a strategic cooperation agreement in Ningde, Fujian, according to a post on CATL's WeChat account. The partnership aims to leverage both companies' strengths in advanced battery technology, new material development, application scenarios, and mining resources to foster collaboration across multiple sectors, including mining, manufacturing, and logistics.

Key initiatives of cooperation include promoting electrification in logistics field, integrating energy generation, storage, and utilization systems, developing zero-carbon factories, and advancing smart mining solutions. The joint efforts are expected to accelerate progress toward carbon neutrality goals.

As a major multinational enterprise primarily engaged in cement and building materials manufacturing, Conch oversees three publicly listed companies: Conch Cement, Conch New Materials, and Conch Environment Protection. The group operates over 650 subsidiaries across China and abroad, with total assets exceeding 300 billion yuan and a workforce of more than 60,000 employees.

China has long maintained its position as the world's largest cement producer. However, the cement industry is one of the most energy-intensive sectors, generating significant greenhouse gas emissions and pollutants during production. Globally, the cement industry accounts for approximately 7% of total carbon emissions. As such, advancing green development in the cement industry is crucial for achieving carbon reduction goals both in China and worldwide.