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Investors - SEPTEMBER 25, 2020

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GLP and EV CATL form battery JV

by Released

GLP has signed an agreement with Contemporary Amperex Technology Ltd. (CATL), the largest maker of electric vehicle batteries, to create a new platform aimed at expanding the use of new energy through asset-as-a-service offerings and advancing sustainability in logistics and transportation.

The joint venture will explore a range of opportunities, including creating smart energy systems for commercial properties, providing renewable energy to GLP’s logistics assets and expanding energy storage capabilities for GLP’s network of rooftop solar panels. The companies also will bring in a major autonomous vehicle company, a previous investment of GLP, to jointly develop green smart supply chain hubs and test green driverless routes and vehicle solutions in logistics management and transportation.

“GLP is committed to investing in innovative new technologies that can transform and modernize industries,” said Ming Mei, co-founder and CEO of GLP. “Renewable energy is p

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