China’s CATL to partner with Maersk unit to develop advanced battery products
BEIJING, June 4 (Reuters) – Chinese electric vehicle battery giant CATL (300750.SZ), said on Wednesday that it would partner with a unit of Danish shipping firm Maersk (MAERSKb.CO), APM Terminals, on the development and after-sales support of advanced battery products.
The tie-up that also covers battery recycling is an extension of a strategic deal entered on Wednesday. Under the deal, the two companies will accelerate the electrification of container handling equipment with high-performance batteries, the company said in a statement.
Reporting by Beijing newsroom, Editing by Louise Heavens
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China’s CATL to partner with Maersk unit to develop advanced battery products, source
