Photo: Wolfgang Fricke, CC BY 3.0, via Wikimedia Commons (illustrative purposes only)

CMA CGM partners with Chinese battery manufacturer to reduce emissions

Chinese battery manufacturer CATL and French shipping giant CMA CGM signed a cooperation agreement on May 7th, 2024, which the companies say shall develop comprehensive solutions for reducing greenhouse gas emissions in the maritime sector.

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The agreement builds on a shared commitment to sustainability and aims to leverage the expertise of both companies.

Contemporary Amperex Technology Co. Limited (CATL), the world’s leading producer of lithium-ion batteries, brings its technological prowess, while CMA CGM contributes its extensive experience in ship operations and green shipping practices.

A key element of the partnership is the planned establishment of a joint venture. Details on the venture’s specific focus and structure have not yet been disclosed, however, the agreement outlines potential areas of collaboration, including research and development, carbon neutrality and digitalisation.

The companies plan to explore joint research opportunities related to electric ships, commercial vehicles, warehousing and logistics, and renewable energy.

Both parties are committed to achieving carbon neutrality and will work together to define a roadmap for the shipping industry.

The agreement highlights the importance of digitalisation alongside green initiatives, suggesting potential collaboration in this area.