Shengfeng development limited strengthens strategic alliance with catl to pioneer new energy logistics solutions

Fuzhou, china , april 22, 2025 /prnewswire/ -- 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.
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