CATL and Conch Group Join Hands to Promote the Green Transition of Traditional Industry

Recently, CATL signed a strategic cooperation agreement with Conch Group, a major multinational corporation primarily engaged in the cement and building materials industry. 

Conch Group holds controlling stakes in three publicly listed companies: Anhui Conch Cement, Conch New Materials, and Conch Environmental Protection. Among these, Anhui Conch Cement has earned a stellar reputation, often referred to as "the benchmark for the global cement industry." Conch Group boasts over 650 subsidiaries across China and internationally, with total assets exceeding 300 billion yuan and a workforce of over 60,000 employees. For 20 consecutive years, Conch Group has been recognized as one of China's Top 500 Enterprises. 

China has long held the position of the world's largest cement producer. However, the cement industry is energy-intensive, resulting in substantial greenhouse gas and pollutant emissions. Statistics show that the cement industry accounts for approximately 7% of global carbon emissions. Therefore, promoting green development within the cement industry is crucial for both China and the world to achieve carbon reduction goals. 

In this new era, Conch Group is actively pursuing a new model of high-quality development. This model centers around cement manufacturing as its foundation, while simultaneously fostering growth in five key sectors: new energy, new materials, environmental protection, the digital economy, and modern service trade. The strategic cooperation agreement between CATL and Conch Group signifies a crucial step in this direction. By leveraging their respective strengths in advanced battery technology, innovative materials, diverse application scenarios, and abundant mineral resources, both companies will collaborate across various domains, including mining, factory operations, logistics, and transportation. This collaboration will drive the implementation of key solutions such as: 

· Electrification of logistics: Transitioning to electric vehicles for transportation.

· Source-grid-load-storage integration: Creating more efficient and sustainable energy networks.

· Zero-carbon factories: Reducing greenhouse gas emissions in production processes.

· Smart mining operations: Improving resource efficiency and minimizing environmental impact. 

This strategic partnership between CATL and Conch Group represents a significant step forward in accelerating the realization of carbon neutrality targets.