China's CATL signs MOU with Rio Tinto on electrification, recycling

Reuters
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China's <a href="https://laohu8.com/S/300750">CATL</a> signs MOU with <a href="https://laohu8.com/S/RTNTF">Rio Tinto</a> on electrification, recycling

BEIJING, March 12 - Chinese battery maker CATL signed a memorandum of understanding with Rio Tinto to deepen cooperation in electrification, supply chains and broader commercial initiatives, according to a statement on CATL's Chinese social media account on Thursday.

  • The two companies will focus on promoting the electrification of mining operations and exploring battery material recycling and the circular development of key mineral resources.

  • CATL will leverage its strengths in battery technology, system integration, and new energy solutions to help Rio Tinto improve efficiency and cut emissions.

(Reporting by Xiuhao Chen and Ryan Woo; Editing by Sharon Singleton)

((Xiuhao.Chen@thomsonreuters.com))

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