7 Dec 2023

HKSTP and CATL Sign MoU to Promote New Energy and Green Industry in Hong Kong Set up Innovation R&D Centre and Recruit 500-Staff R&D Team

Hong Kong Science and Technology Parks Corporation (HKSTP) and Contemporary Amperex Technology Co., Limited (CATL) signed a Memorandum of Understanding (MoU) today to establish a CATL R&D Centre at Hong Kong Science Park.

Key Takeaways

  • Steered by Mr John Lee, Chief Executive and the HKSAR Government, CATL will establish its global headquarters in Hong Kong, to drive sustainable development in Hong Kong and promote technology innovation, talent development and market expansion in the new energy sector.
  • Under the CATL – HKSTP partnership, the CATL’s R&D Centre at Hong Kong Science Park will have a total investment of over HK$1.2 billion and look to recruit 500 qualified individuals to staff its R&D department. CATL will also set up its global headquarters and international investment centre.
  • CATL is the world's largest electric vehicle batteries supplier, in terms of consumption volume, with a market share of 36.8%. It ranks first in electrochemical energy storage shipments globally for two consecutive years, accounting for 43.4% of the world's shipments in 2022. CATL is committed to the development of new battery technologies and has been recognised as one of Forbes China’s 50 Most Innovative Companies for six consecutive years.