CATL partners with Maersk to promote electrification in global logistics industry

CATL and Maersk subsidiary APM Terminals will accelerate the electrification of container handling equipment with high-performance batteries.

APM Terminals said that this collaboration is a key milestone in accelerating its decarbonization transition.

Chinese battery giant CATL (SHE: 300750) has partnered with Danish shipping company Maersk to promote electrification in the global logistics industry.

CATL entered into a strategic partnership with APM Terminals, a subsidiary of Maersk, on June 4, according to an announcement yesterday.

The two parties will use high-performance batteries and system-level solutions to accelerate the electrification of container handling equipment, driving the energy transition in the global logistics industry, CATL said in the announcement.

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APM Terminals is committed to decarbonization and has established a clear roadmap, and today's collaboration marks a key milestone in accelerating future transformation, said Grant Morrison, the company's global asset procurement director.

This represents a further deepening of the partnership between APM Terminals and CATL, as well as an important step toward the company's terminal decarbonization strategy through the electrification of container handling equipment, he added.

CATL has previously collaborated with APM Terminals through the Zero Emission Port Alliance (ZEPA) to promote the application of electric container handling equipment.

This strategic partnership will further accelerate the development of "industry-leading solutions" to reduce greenhouse gas emissions at 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.

ZEPA aims to accelerate port decarbonization by making battery-electric container handling equipment affordable and accessible this decade, according to its website.

CATL is the world's largest manufacturer of power batteries, holding a 38.3 percent share of the global EV battery market in the first quarter, according to data from South Korean market research firm SNE Research.