GCTL Accelerates Energy Transformation by Equipping Customers with New Energy Storage Technology
GCTL, a joint venture between GLP and Contemporary Amperex Technology Ltd. (CATL), the world’s leading battery provider and the largest maker of electric vehicle (EV) batteries, has been actively driving development of energy storage infrastructure in industrial and commercial sectors in China.
China’s CATL Extends Lead as World’s Top EV Battery Maker
Contemporary Amperex Technology Co. Ltd.’s share of the electric-vehicle battery market continues to grow, according to the latest data from Seoul-based SNE Research, which show the Chinese company accounted for 37.1% of global sales in the first 11 months of 2022. GLP partners with CATL through joint venture GCTL to expand the use of clean energy in logistics and transportation.
The Singapore-listed logistics real estate investment and development firm has expanded to the US by buying the majority share of the IndCor business from Blackstone.
China Ecommerce Boom Drives $2.5bn Deal For Stake in Logistics Group GLP
By Simon RabinovitchGlobal Logistic Properties, a large Asian warehouse operator, will raise $2.5bn by selling up to a third of its China business to statebacked investors, in a deal that highlights the explosive gro