On 8th August, CALB entered into a strategic cooperation agreement with Hubei Electric Power Co., Ltd., which is a subsidiary of State Power Investment Corporation (SIPC), in Wuhan. This marks the opening of a new chapter of mutual benefits and cooperation between both parties. According to the agreement, the two companies will utilise their respective strengths in areas such as "zero-carbon park", user-side energy storage, shared energy storage, new energy bases, green transport, ship electrification, and so on. The aim is to advance technology industrialization, support industrial transformation, enhance green development capability, and upgrade the industry. Both companies will significantly contribute to enhancing the lives of people and the general welfare of society.