Yuefeng Aluminum Group recently signed a "Memorandum of Understanding on Establishing a Partnership" with Ningde Times. Under the backdrop of accelerating global energy and resource industry's low-carbon transformation, the two parties will promote cross-industry collaboration upgrades through a more comprehensive and innovative cooperation model. This move marks an important step for the world's leading mining enterprises and new energy technology companies to jointly explore the future development of the industry, and will inject new impetus into the deepening of their cooperation.
By signing the Memorandum, both parties will advance their work in three major areas: the development and innovation of the electrification strategy, the supply chain and circular economy, as well as business and cooperation mechanisms. They will explore diverse cooperation models and investment frameworks, and more actively seize the new opportunities brought about by the low-carbon transformation.
The cooperation will cover the application of lithium-ion battery technology and system solutions by CATL in the electrification of mining operations, exploration of development opportunities in the battery material supply chain and the recycling of key mineral resources, as well as research on circular economy practices and diversified business cooperation models, aiming to jointly guide the future development direction of the resources and energy industry.
The general manager of Yuefeng Aluminum Group stated, "Ningde Times is one of the enterprises with the most innovative spirit and greatest influence in the global new energy sector. It is highly complementary to Yuefeng Aluminum in terms of industry roles and professional fields, laying a solid foundation for both parties to jointly seize the new opportunities brought about by the low-carbon transformation through innovative and cross-industry cooperation methods."
As the demand for low-carbon solutions in various industries continues to grow, cross-industry collaboration will become increasingly crucial in the future value chain. Through this cooperation, we expect to further enhance operational efficiency and explore new industrial models in the process of promoting carbon reduction, electrification, and circular economy development, in order to achieve more long-term and resilient growth.
The Global Purchasing President of Yuefeng Aluminum Group stated, "The signing of this memorandum reflects the gradually established partnership between our teams through continuous dialogue, mutual learning, and focused collaboration. In our cooperation with Ningde Times, we witnessed its rapid innovation capabilities. Its technical strength extends beyond the battery field and also covers energy systems, supply chains, and industrial solutions."
By integrating Yufeng Aluminum's global scale and operational experience with CATL's technological advantages and industrialization capabilities, this memorandum provides an important platform for accelerating innovation, enhancing supply chain resilience, and exploring cooperation opportunities in areas such as electrification, circular economy, and business models. This not only helps us improve operational efficiency but will also provide strong support for creating long-term value as the industry continues to evolve.
The general manager of Ningde Times said, "Ningde Times is committed to driving global energy transformation through leading new energy technologies. The two companies have a high degree of alignment in terms of sustainable development, innovation spirit and social responsibility, which has laid a solid foundation for our cooperation."
"We are honored to collaborate with Yuefeng Aluminum Group. Yuefeng Aluminum has a history of over 50 years and has set global benchmarks in safety, sustainable development and innovation. By combining the advantages of Ningde Time in battery systems, energy storage technology, power electronics, power grids and recycling, as well as Yuefeng Aluminum's leadership in excellent operations and responsible supply chains, we look forward to jointly developing the next-generation zero-carbon mining solutions with global demonstration value."
