STATEMENT: CATL founder calls for greater collaboration to solve climate change

(Information sent by the signatory company).

STATEMENT: CATL founder calls for greater collaboration to solve climate change

(Information sent by the signatory company)

The world's largest electric vehicle battery manufacturer opens up technology to accelerate the ecological transition

HONG KONG, March 26, 2024 /PRNewswire/ -- CATL, a global leader in new energy technologies, today called for more open innovation among companies and countries in a bid to solve the challenge of climate change. Speaking at the One Earth Summit in Hong Kong, Dr. Robin Zeng, President and CEO of CATL, announced that CATL is prepared to share its zero-carbon technology and practices with anyone committed to accelerating the transition to zero carbon. green energy, electric transport and a circular economy – including competitors.

"Now, more than ever, we must work together if we are to solve humanity's biggest problems, such as climate change," said Dr. Zeng.

Continuous technological advancement is the key to achieving sustainability, said Dr. Zeng. He highlighted the investment CATL has made in research and development to maintain its position as the world's number one battery technology company. It now has more than 20,000 R&D employees worldwide and spent $2.59 billion on R&D in 2023. Its nearly 30,000 issued and pending patents worldwide cover a host of innovative technologies, including the world's first charging LFP battery. ultra-fast 4C in the world that can offer a range of 400 kilometers with just a 10-minute charge and the Qilin battery that can offer a range of 1,000 kilometers on a single charge.

Dr. Zeng outlined the important steps CATL has taken to reduce its carbon emissions. Its four factories are already Zero Carbon and all three battery industry facilities recognized by the World Economic Forum are CATL facilities. The company has also committed to being carbon neutral in its core operations by 2025 and to ensure its supply chain is carbon neutral by 2035.

The company has also taken important steps in its recycling. In 2023, it recycled more than 100,000 tons of battery waste. With its 90% recovery efficiency, it was able to recover 13,000 tonnes of lithium carbonate, greatly reducing the mining volume required and accelerating its contribution to the circular economy.

"I think of our sustainability efforts as one tree, but we have the ambition to create a forest," Dr. Zeng said. "We are ready to work with companies, governments, investors and anyone interested in accelerating climate action. Together, to extend the practice of Zero Carbon from factories to communities, cities and more."

In his speech, Dr. Zeng highlighted three key benefits of open innovation:

1. Bridges the technology gap: CATL shares its battery technology through its LRS (license, royalty, service) model and supports OEM partners in building and operating battery plants. This helps them speed up their operations and accelerate the transition to green energy.

2. Unlock new zero-carbon scenarios: CATL is developing new ways to use battery technology to advance sustainability. For example, it is working with its network of partners on electric and unmanned mines and on battery swapping for both passenger cars and heavy trucks.

3. Create sustainable ecosystems: In the near future, electric vehicles could become distributed energy storage facilities, helping to provide and regulate gigawatts of energy to grids. Electric vehicle owners could even benefit financially, selling power to the grid at peak times.

"We have seen countries and companies reduce their net-zero emissions commitments at a time when we need to accelerate them," continued Dr. Zeng. "We must come together like never before to address our most pressing challenges, and I believe open innovation is the key to powering the transition to green energy."

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