Shengfeng Development Limited Announces Completion of the Ningde Shengfeng Smart Logistics Center, Primarily Servicing CATL
FUZHOU, China, Dec. 18, 2024 /PRNewswire/ — Shengfeng Development Limited (“Shengfeng” or the “Company”) (NASDAQ: SFWL), a contract logistics company in China providing customers with integrated logistics solutions, announced today the completion of the Ningde Shengfeng Smart Logistics Center (the “Ningde Center”), a facility that will be primarily used to serve Contemporary Amperex Technology Co., Limited (“CATL”), a client of Shengfeng that operates in the battery manufacturing industry.
The Ningde Center was constructed with a total investment of approximately RMB 244.59 million and spans 47,423 square meters with a total building area of 59,442.71 square meters. This facility is designed to integrate warehousing and distribution, providing logistics solutions for CATL and its supply chain partners.
The Ningde Center advances Shengfeng’s efforts in enhancing its operational capabilities and solidifying relationships with key clients like CATL. By catering to CATL’s logistics needs and those of the broader industrial chain, the Ningde Center is expected to attract new business opportunities, thereby strengthening Shengfeng’s position as a leader in smart logistics in China.
Mr. Yongxu Liu, Chairman and CEO of Shengfeng, said :
This milestone marks a significant step in Shengfeng’s growth strategy,
“The completion of the Ningde Center, which serves CATL and other clients, highlights the Company’s ongoing commitment to providing innovative and efficient logistics solutions. It underscores our dedication to serving a wide range of industries in the Chinese market, especially the rapidly growing new energy vehicle sector. We anticipate that this facility will drive our business growth and reinforce our market position.”
The grand opening ceremony for the Ningde Center is scheduled for December 20, 2024, with participation from industry leaders, local officials, and representatives from Shengfeng and CATL.
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Shengfeng Development Limited Announces Completion of the Ningde Shengfeng Smart Logistics Center, Primarily Servicing CATL, source
