selectshandong@shandong.cn
中 日 한 EN DE FR
SELECTSHANDONG

CATL's New Investment in Shandong: Strategic Partnership with Ligoo Marks Its First Foray into Yantai!

Source：Haibao News 09-23-2025 09:00:00

Following multiple projects in five cities including Jining, Dongying, Qingdao, Jinan, and Weihai, CATL's investment in Shandong has extended to Yantai for the first time.

CATL's Chief Investment Officer Wang Hongbo noted that Yantai boasts a solid industrial foundation and excellent business environment. This partnership with Ligoo marks CATL's inaugural investment in Yantai, and the company plans to deepen its presence in the city, exploring collaboration potential and expanding partnership opportunities.

Beyond direct investments, CATL's subsidiaries are also accelerating their Shandong expansion. For instance, its wholly-owned subsidiary Contemporary Green Energy Co., Ltd. now controls 21 companies in Shandong, including Qingdao Runchao New Energy Co., Ltd., Zoucheng Runshi Wind Power Co., Ltd., Contemporary Power Sales (Shandong) Co., Ltd., Jining Contemporary Public New Energy Development Co., Ltd., and Dongying Runshi New Energy Co., Ltd. These investments are concentrated in energy storage, wind power, and new energy sectors.