Home business solution CATL partners with JinkoSolar subsidiary for integrated solar plus storage solution

CATL partners with JinkoSolar subsidiary for integrated solar plus storage solution

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CATL partners with JinkoSolar subsidiary for integrated solar plus storage solution

Shanghai (Gasgou) – CATL on Thursday announced the strategic cooperation agreement it signed a few days ago with Jinko Solar Co., Ltd., the main operating subsidiary of Chinese solar module manufacturer JinkoSolar Holding Co., Ltd. (JinkoSolar), for the joint promotion of solar energy. integrated solution with storage plus.

CATL, Jinko Solar inking agreement; photo credit: CATL

Under the agreement, the two sides intend to conduct long-term strategic cooperation in areas such as promoting carbon neutrality in the industrial chain, the global development of solar storage activities, the activities of energy storage and solar energy innovation and development. integrated solutions with storage plus.

“With the common objective of achieving carbon neutrality, the two parties will pool their industrial resources to promote solar integration plus storage solutions in collaboration with industrial partners. We hope to help our customers reduce their carbon footprint and carbon emissions, and set a green benchmark for the industry, ”said Zhou Jia, president of CATL.

In the future, the duo will fully utilize their respective strengths in photovoltaic and energy storage business, broaden the horizon of solar plus storage industry and innovate in multiple fields from the point of view of technological R&D and business models, in order to provide global customers with new, more complete energy solutions and contribute to the faster achievement of carbon neutrality.

CATL, based in Ningde, is one of the world’s leading providers of lithium-ion battery cells and storage technologies, serving Tesla and many electric vehicle manufacturers.

According to CATL’s half-year financial results, the company’s first-half revenue from the sale of energy storage systems and the lithium-ion battery business (including recycling of decommissioned batteries) was 4.693 billion yuan ($ 726 million) and 4.986 billion yuan ($ 771 million), up 727.36% and 303.89% respectively. Electric battery systems business revenue increased 125.94% to 30.451 billion yuan ($ 4.71 billion).



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