logo
CATL Chairman and CEO Robin Zeng Outlines Vision for Global Zero-Carbon Transition and Deeper Collaboration at Major Conference

CATL Chairman and CEO Robin Zeng Outlines Vision for Global Zero-Carbon Transition and Deeper Collaboration at Major Conference

Associated Press3 hours ago

CHENGDU, China, June 23, 2025 /PRNewswire/ -- Recently, Dr. Robin Zeng, Chairman and CEO of Contemporary Amperex Technology Co., Limited (CATL), delivered a speech at the second Belt and Road Conference on Science and Technology Exchange. During the speech, Dr. Zeng detailed CATL's commitment to open collaboration and mutually beneficial development global wise, with a significant focus on empowering emerging economies.
In his address, Dr. Zeng emphasized CATL's readiness to foster deep industrial cooperation and share its advanced technologies to accelerate the global energy transition. 'There are many ways we can cooperate,' Dr. Zeng stated. 'CATL is willing to co-build factories, form joint ventures, and engage in commercial agreements on technology licensing.' This collaborative spirit is central to CATL's strategy of building localized ecosystems and supporting partners worldwide in their journey towards carbon neutrality.
Highlighting the significant opportunities in transport electrification, CATL noted the rapid pace of EV market growth in countries like Thailand, Malaysia, and Indonesia. CATL is actively pursuing partnerships in the region, such as its collaboration with Arun Plus in Thailand to supply batteries and support the nation's ambition to become Southeast Asia's EV hub; and its co-development of a full industrial value chain—from mining to recycling—to localize Indonesia's EV ecosystem.
Beyond transportation, CATL's comprehensive 'Zero-Carbon Tech' solutions encompass innovative energy storage systems that are crucial for unlocking the full potential of renewable energy. Its grid-forming storage systems enable independent microgrids, which are essential for remote regions and industrial sites. One notable example is the 19GWh battery energy storage system powering Masdar's 'AI + Zero-Carbon' green data center in the UAE.
To promote battery circularity across society, CATL plans to roll out 1,000 Choco-Swap stations by 2025. The footprint is expanding into Hong Kong SAR and Macau SAR, with construction officially underway on Hong Kong's first Choco-Swap station. In the medium term, CATL aims to establish 10,000 stations in collaboration with automotive partners. Furthermore, CATL's advanced battery recycling technology—which processed 130,000 tons of waste batteries last year—underscores its strong commitment to the circular economy.
Dr. Zeng also touched upon the concept of 'industrial decarbonization,' explaining it as the transformation of traditional high-energy-consumption industries with new energy solutions, such as using hydrometallurgy to reduce carbon emissions. This approach, combined with 'new energy industrialization,' aims to create new economic growth engines and green transformation pathways, particularly relevant for nations seeking industrial upgrading and sustainable development.
CATL's strategy involves fostering a global production network to ensure market supply and development worldwide, exemplified by its major investments in European manufacturing, including Europe's largest battery base in Hungary and a new factory in Spain with Stellantis. These initiatives are designed to deeply integrate CATL into regional new energy industry chains, enhancing local value and technological advancement.
With over 43,000 patents and nearly 20 billion yuan invested annually in battery R&D, CATL continues to innovate in battery materials, chemical systems, and beyond. In 2024, CATL ranked second among all Chinese companies in overseas patent applications.
'As a global leader in innovation and technology, CATL is willing to collaborate with business and scientific communities across all international partner countries,' Dr. Zeng concluded. 'We are eager to contribute - for humanity's new energy's sake, for humanity's sustainable development, and for building a community with a shared future for mankind!'
CATL's recent listing on the Hong Kong Stock Exchange further demonstrates its deeper integration into global capital markets, providing a vital platform to support its expanding production capacity, supplier network, and talent pool, enabling more diverse cooperation with international partners towards a zero-carbon future. The company aims for its factories to be carbon-neutral this year and is committed to achieving carbon neutrality across its battery supply chain by 2035.
View original content to download multimedia: https://www.prnewswire.com/news-releases/catl-chairman-and-ceo-robin-zeng-outlines-vision-for-global-zero-carbon-transition-and-deeper-collaboration-at-major-conference-302488085.html
SOURCE Contemporary Amperex Technology Co., Limited (CATL)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The China Wild Card
The China Wild Card

New York Times

time37 minutes ago

  • New York Times

The China Wild Card

Andrew here. After President Trump's decision to bomb Iran's nuclear facilities, there are a cascade of questions on Monday morning. The most pressing that has so far gone largely overlooked is this: What about China, one of Iran's biggest economic partners? Would Beijing quietly support efforts by Tehran to retaliate against American interests? Will it continue to prop up Iran's economy by buying the country's oil? If it stands by Iran, how could that impact the U.S. trade negotiations with China? And, perhaps most critically, what does this mean for President Xi Jinping's calculations about Taiwan, and how Trump might react to an effort to take the island? I spent the weekend talking and texting with policymakers and analysts in Washington to understand what may come next. Perhaps the most intriguing perspective I gleaned was that the U.S. action might actually grant China greater leverage in its broader negotiations with Trump — not less — over trade and nearly everything else. 'The U.S.'s call for China to counsel Iran to not close the Strait of Hormuz adds to the list of things Washington needs from Beijing, the others being its rare earth exports, cracking down on the fentanyl trade, and reducing its trade surplus,' Scott Kennedy of the Center for Strategic and International Studies told me. 'As a result, China's potential leverage grows and the costs to the U.S. from escalating in any domain against China grows.' Many in Washington say that China would prefer to de-escalate the situation as quickly as possible. Bonnie Glaser, who runs the Indo-Pacific program at the German Marshall Fund explained: 'Chinese interests are in a cease-fire, not a wider war. I don't think the Chinese will support Iranian strikes on the U.S.' Indeed, the truth is that 'China is much more important to Iran than vice versa,' Ryan Hass, a senior fellow and director at the Thornton China Center at the Brookings Institution, told me. Consider: About 90 percent of Iran's oil exports go to China, Hass said — but that represents just 10 percent of China's oil imports. Want all of The Times? Subscribe.

5 Must-Read Analyst Questions From NXP Semiconductors's Q1 Earnings Call
5 Must-Read Analyst Questions From NXP Semiconductors's Q1 Earnings Call

Yahoo

timean hour ago

  • Yahoo

5 Must-Read Analyst Questions From NXP Semiconductors's Q1 Earnings Call

NXP Semiconductors' first quarter results drew a negative market reaction, as investors focused on the ongoing year-over-year revenue decline and rising inventory levels. Management attributed performance to weaker demand in automotive and industrial segments, partially offset by stronger-than-expected trends in the mobile and communications infrastructure businesses. CEO Kurt Sievers noted, 'Revenue trends in the mobile and communication infrastructure markets were slightly above expectations, while performance in the automotive and industrial and IoT markets were slightly below.' The company also cited elevated operating expenses and an uncertain demand environment as weighing on margins. Is now the time to buy NXPI? Find out in our full research report (it's free). Revenue: $2.84 billion vs analyst estimates of $2.83 billion (9.3% year-on-year decline, in line) Adjusted EPS: $2.64 vs analyst estimates of $2.60 (1.4% beat) Adjusted EBITDA: $1.07 billion vs analyst estimates of $1.05 billion (37.8% margin, 2.6% beat) Revenue Guidance for Q2 CY2025 is $2.9 billion at the midpoint, above analyst estimates of $2.87 billion Adjusted EPS guidance for Q2 CY2025 is $2.66 at the midpoint, roughly in line with what analysts were expecting Operating Margin: 25.5%, down from 27.4% in the same quarter last year Inventory Days Outstanding: 168, up from 152 in the previous quarter Market Capitalization: $52.8 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Christopher Muse (Cantor Fitzgerald) asked if NXP's recent acquisitions were defensive responses to Chinese competition or intended for product differentiation. CEO Kurt Sievers replied they are primarily offensive, augmenting NXP's compute and software capabilities for global markets. Ross Seymore (Deutsche Bank) questioned the company's manufacturing flexibility and customer perception amid tariff uncertainty. Sievers emphasized NXP's European positioning in China and its progress in localizing manufacturing to serve the 'China for China' strategy. Chris Caso (Wolfe Research) explored how much of NXP's China revenue could eventually be sourced domestically. Sievers indicated about 30% is currently China-sourced, with ongoing efforts to increase this share for supply chain independence. Francois Bouvignies (UBS) inquired about the company's approach to customer inventory pull-ins amid uncertainty. Sievers confirmed NXP prefers to limit inventory build-ups, maintaining strict controls unless justified by specific customer needs. Stacy Rasgon (Bernstein Research) pressed for color on second-half gross margin trends given high inventory levels. CFO Bill Betz said margins hinge on revenue levels and internal utilization, expressing confidence in their long-term gross margin range but acknowledging near-term variability. In the coming quarters, the StockStory team will monitor (1) the pace at which automotive and industrial customers digest excess inventory and return to normalized ordering, (2) the initial integration and market impact of the Kinara acquisition for edge AI applications, and (3) the effects of global tariff changes on both supply chain operations and customer demand. Additional attention will be given to evolving regional demand patterns, particularly in China and Japan. NXP Semiconductors currently trades at $209.03, up from $196.56 just before the earnings. Is there an opportunity in the stock?The answer lies in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.

Thailand announces measures to crack down on Cambodia-based cybercrime as border tensions soar
Thailand announces measures to crack down on Cambodia-based cybercrime as border tensions soar

Associated Press

timean hour ago

  • Associated Press

Thailand announces measures to crack down on Cambodia-based cybercrime as border tensions soar

BANGKOK (AP) — Thailand's Prime Minister announced heightened measures to crack down on cybercrime that target neighboring Cambodia, including barring travel by casino tourists and cutting internet services to Cambodian military and security agencies. Relations between the countries have deteriorated following an armed confrontation May 28 in which one Cambodian soldier was killed in a relatively small, contested territory. Prime Minister Paetongtarn Shinawatra said Monday that officials will tighten border restrictions by stopping cars and individuals attempting to cross into Cambodia with exceptions for students, medical patients or others who need to purchase essential goods. Thailand will block tourists who intend to visit Cambodia's casinos and impose stricter screening measures on air passengers who wish to fly to Siem Reap, Cambodia, to gamble. She did not elaborate on how authorities will separate casino tourists from people visiting the country for other types of tourism. Cambodia has blocked internet services, electricity and fuel supplies from Thailand in response to the border dispute, which could have economic implications for both nations. The average monthly imports of gasoline and other fuel to Cambodia from Thailand is 85,426 metric tons (94,166 tons), which is 30% of all national imports. The average monthly liquid natural gas import from Thailand is 1,848 metric tons (2,037 tons), which is 4% of the national total, according to the Cambodian Ministry of Commerce. An April U.N. report says transnational organized crime groups in East and Southeast Asia are spreading lucrative scam operations across the globe. Scam centers bilking victims out of billions of dollars through false romantic ploys, bogus investment pitches and illegal gambling schemes are now being reported in Asia, Africa and Latin America. The report mentions Cambodia as one of the world's major cybercrime hubs. Paetongtarn said Thailand will consider blocking exports of goods that could facilitate scam operations in Cambodia and will coordinate with other countries and international agencies for operations to crack down on cybercrime based in Southeast Asia. Cambodian and Thai authorities have engaged in saber-rattling since the deadly clash in May. While the two countries said afterwards they have agreed to de-escalate the situation, they continue to implement or threaten measures short of armed force, keeping tensions high. Paetongtarn has been attacked over her perceived soft stance toward Cambodia, especially by right-wing nationalists who are longtime foes of her father, former Prime Minister Thaksin Shinawatra. A phone call leaked last week between Paetongtarn and Cambodian Senate President Hun Sen, the former prime minister who ruled over four decades, sparked outrage and calls for Paetongtarn's resignation. Critics said she tried to appease Hun Sen, a longtime friend of her father, and made Thailand look weak by calling a Thai army commander in charge of the disputed border area as 'an opponent.' Several nationalist activist groups have planned a rally this week to demand Paetongtarn's resignation. ___ Sopheng Cheang in Phnom Penh, Cambodia, contributed to this report.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store