Shengfeng Development Enters Multi-Year Strategic Partnership With Contemporary Amperex Technology. Collaboration Is Expected To Be Valued At ~$42M

Author: Benzinga Newsdesk | April 22, 2025 09:02am

Shengfeng Development Limited (NASDAQ:SFWL) ("Shengfeng" or the "Company"), a leading integrated logistics solutions provider in China, today announced a multi-year strategic partnership with Contemporary Amperex Technology Co., Limited (CATL) (SZSE: 300750), a global leader in lithium-ion battery innovation (the "Partnership"). The collaboration which is expected to be valued at approximately 300 million RMB ($42 million USD), reinforces Shengfeng's pivotal role in advancing CATL's global clean energy supply chain and underscores its leadership in China's rapidly evolving new energy logistics sector.

Posted In: SFWL