CATL signs agreement with Fuzhou Public Transport Group

On March 11, the Fuzhou Public Transport Group signed a strategic cooperation framework agreement with CATL in Ningde, Fujian. The two parties will collaborate in areas such as battery aftermarket services for buses, building urban battery swapping networks, battery recycling and utilization, and vehicle-to-grid (V2G) interactions. As the largest public transport company in Fujian Province in terms of operational scale, Fuzhou Public Transport Group has fully achieved vehicle electrification. This signing will focus on addressing the pain points of energy replenishment efficiency and battery lifespan after the large-scale operation of electric buses, jointly creating a safer, more efficient, lower-carbon, and smarter urban public transportation energy system, and promoting the extension of battery assets from “usage” to “recycling.” (People Finance News)