CATL and HKSTP signed the MoU

On December 7, CATL and Hong Kong Science and Technology Parks Corporation (HKSTP) signed a Memorandum of Understanding (MoU) to establish a CATL R&D Centre at Hong Kong Science Park. CATL plans to invest no less than HK$ 1.2 billion to promote new energy technology innovation and sustainable development in Hong Kong.

HKSTP is a statutory institution established by the Hong Kong Special Administrative Region Government. Under the carbon peaking and carbon neutrality goals, it is committed to advancing Hong Kong’s new industrialization mission and cultivating a new energy and green tech ecosystem. In this cooperation, in addition to setting up its R&D centre in Hong Kong, CATL will also establish a global headquarters and an international investment centre in Hong Kong.

Mr. Paul Chan, Financial Secretary of the HKSAR Government

Mr. Paul Chan, Financial Secretary of the HKSAR Government, said, “The establishment of the CATL global headquarters and R&D Centre in Hong Kong is a smart and essential investment to promote the development of the I&T industry in the city. We hope I&T enterprises can have greater and better achievements as they use Hong Kong as a gateway to the international stage.”

Professor Sun Dong, Secretary for Innovation, Technology and Industry, said, “With a keen strategic vision, CATL has chosen Hong Kong as its global headquarters. This is not only a vote of confidence in Hong Kong’s development into an I&T hub, but will also enhance its status as an international financial centre. Hong Kong has the unique advantage of ‘enjoying strong support from the Motherland and being closely connected to the world’. I believe we can certainly support CATL in realizing its grand vision of building its global industry domain.”

Dr. Robin Zeng, Chairman and General Manager of CATL

Dr. Robin Zeng, Chairman and General Manager of CATL, said, “The establishment of the R&D Centre in Hong Kong is a strategic milestone of CATL’s new energy development plan. With its establishment in Hong Kong, we can fully leverage our expertise in the industry, market, technology and talent, accelerate the advancement and innovative applications of new energy technology, and make more contributions to global energy transformation and sustainable development.” 

According to the MoU, HKSTP will fully support CATL in actively exploring business development and opportunities with Hong Kong’s major sectors including energy, transportation, industry and infrastructure. This will include driving green, smart manufacturing of new energy products and the investment and development of renewable energy. This will co-create a reliable and sustainable new energy storage system to achieve a greener and more sustainable energy future.