The Chinese battery giant CATL $3750 (-0,87 %) has joined forces with the Danish shipping company Maersk $MAERSK A (+2,28 %)
$MAERSK B (+4,02 %) to drive electrification in the global logistics industry.
CATL entered into a strategic partnership with APM Terminals, a subsidiary of Maersk, on June 4, it was announced yesterday.
The two parties will use high-performance batteries and system solutions to accelerate the electrification of container handling equipment and drive the energy transition in the global logistics industry, CATL said in the announcement.
"APM Terminals is committed to decarbonization and has a clear roadmap in place. Today's collaboration is an important milestone in accelerating the future transition," said Grant Morrison, the company's Global Asset Procurement Director.
This represents a further deepening of the partnership between APM Terminals and CATL and is an important step towards the company's decarbonization strategy through the electrification of container handling equipment, he added.
CATL has previously worked with APM Terminals as part of the Zero Emission Port Alliance (ZEPA) to promote the use of electric container handling equipment.
This strategic partnership will further accelerate the development of "industry-leading solutions" to reduce greenhouse gas emissions in terminals, said Li Xiaoning, executive president of CATL's overseas business.
ZEPA was established in December 2023, with APM Terminals as one of the main initiators and CATL as a member.
According to its website, ZEPA aims to accelerate the decarbonization of ports by making battery electric container handling equipment affordable and accessible in this decade.
According to South Korean market research firm SNE Research, CATL is the world's largest manufacturer of power batteries and held a 38.3 percent share of the global electric car battery market in the first quarter.