CATL, China's leading battery leader for new energy vehicles, will set up an international headquarters in the Hong Kong Science and Technology Park and establish the CATL Hong Kong Technology Innovation and R&D Center. CATL today (7 July) signed a Memorandum of Understanding (MoU) with the Hong Kong Science and Technology Parks Corporation (HKSTP) to promote the development of the local green technology ecosystem and achieve the goal of zero carbon.


On behalf of the HKSAR Government, Financial Secretary Paul Chan Mo-po welcomed CATL to set up its overseas headquarters in Hong Kong, revealing that CATL will employ more than 500 people and invest more than $30 billion in the future. He said that in the past year, more than <> enterprises have been preparing to set up in Hong Kong, and some of them have already settled in Hong Kong.


Zeng Yuqun, Chairman and General Manager of CATL New Energy Technology, said that Hong Kong is an internationally renowned business hub with a sound intellectual property protection system and confidence in Hong Kong's development.


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On behalf of the HKSAR Government, the Financial Secretary, Paul Chan, welcomed CATL to set up its overseas headquarters in Hong Kong, and pointed out that the current Government has made great efforts to attract enterprises to set up in Hong Kong and actively promote the development of the innovation and technology industry, and has achieved success in the past year, with more than 30 enterprises ready to set up in Hong Kong, some of which have already settled in Hong Kong.

He also pointed out that these enterprises will invest more than 10 billion yuan in the future, and he believes that these must be "good investments", and hopes that through Hong Kong's platform, these enterprises will have better development in the future.

The Financial Secretary, Mr Paul Chan, officiated at the signing ceremony. (Photo by Ouyang Dehao)

In his welcome remarks, Albert Wong, Chief Executive Officer of HKSTP, said that CATL is China's largest battery supplier, accounting for 30% of global supply, and the market is very excited about its products. He also pointed out that HKSTP is a unique I&T park with more than 2023 I&T events held in the second half of 80 and a number of MoUs signed with various enterprises.

Wong Youbiao held the 2023 Summit in the park yesterday and received more than 800 international experts to Hong Kong, believing that "only Hong Kong can do it".

Tsang Yuk-kwan, Chairman and General Manager of CATL New Energy Technology, said that Hong Kong is an internationally renowned business hub with a well-established intellectual property protection system, and the current government attaches great importance to technological innovation and talent cultivation, which is Hong Kong's advantage.

Tsang Yuk-wan pointed out that he has always been concerned about Hong Kong's development and has confidence in Hong Kong's development, and despite many challenges, Hong Kong's financial system has been growing. He mentioned that CATL has 1,8 scientific and technological personnel, and the number of patents held is increasing every year, and the next step will be to increase R&D efforts, Hong Kong will focus on R&D and operation of patents, and will make use of the free flow of Hong Kong information to set up a headquarters in Hong Kong, so that CATL can have better development in the international market.

The Secretary for Innovation, Technology and Industry, Mr Sun Dong, said that he was excited to attend the ceremony today, thanking CATL for choosing Hong Kong as its international headquarters, voting for its confidence in Hong Kong as an international financial centre, and thanking the current government and various departments for their efforts and cooperation in attracting CATL to develop in Hong Kong. He also mentioned that the number of leading enterprises attracted has increased to 30, but the KPI has not yet been completed, and the relevant work will continue in the future.

Sun Dong pointed out that the current government should also do the same in attracting leading enterprises, and mentioned that Chief Executive John Lee, Financial Secretary Paul Chan Mo-po, and himself have discussed with CATL's senior management respectively, and believe that they are all "three visits to the thatched house".

CATL has become a leading manufacturer of batteries for electric vehicles, with 3 out of every 1 electric vehicles in the world now having a battery produced by CATL. (Getty/Contemporary China License)

CATL is the world's leading supplier of new energy innovation technology, ranking first in the world in the use of power battery systems for six consecutive years, and is the only electric vehicle battery supplier in the world with a market share of more than 30%. CATL has settled in the Hong Kong Science Park to develop cutting-edge new energy solutions, which will further promote the development of Hong Kong's new energy technology industry, transportation, infrastructure and other related technologies.

Attendees:


•Financial Secretary Paul Chan, Secretary for Innovation, Technology and Industry, Professor
Sun Dong, Director of the Office for Attracting Strategic Enterprises, Yung Wai-hung
, Under Secretary for Innovation, Technology and Industry, Ms Carrie
Cheung, Chief Executive Officer of Hong Kong Science and Technology Parks Corporation Albert Wong

, Chief Financial Officer of Hong Kong Science and Technology Parks Corporation (HKSTP), Mr Mak Sze-kit Rosen Turk
Turk Teck Temet, Chief Financial Officer of Hong Kong Science and Technology Parks Corporation (HKSTP). Zeng Yuqun
, Chairman and General Manager of CATL New Energy Technology Co., Ltd.Wang Hongbo
, Chief Investment Officer of CATL Technology Co., Ltd.Qu Tao
, Assistant to the Chairman and Co-Director of the Corporate Planning Department of CATL Technology Co., Ltd.Liu Jianping
, Special Assistant to the Co-President of the R&D System of CATL New Energy Technology Co., Ltd. Xiong Huilian, Director of Corporate Planning Department of CATL New Energy Technology Co., Ltd

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