Treet Battery signs MOU with CATL-linked Chinese firm to explore energy storage market

Treet Battery Limited has signed a memorandum of understanding (MOU) with China's Contemporary Nebula Technology Energy Co., Ltd. (CNTE) to explore long-term opportunities in Pakistan's energy storage sector.

In a notice submitted to the Pakistan Stock Exchange (PSX) on Tuesday, the company said the MOU was signed on May 25, 2026, and establishes a framework for strategic cooperation between the two companies, with a focus on developing energy storage solutions for the Pakistani market.

According to the disclosure, CNTE is a Chinese high-technology company established in 2019 and is strategically backed by Contemporary Amperex Technology Co., Limited (CATL), one of the world's largest battery manufacturers.

CATL held a 39.2% share of the global power battery market in terms of usage volume and ranked first globally in power battery usage for nine consecutive years from 2017 to 2025, according to its annual report for the year ended December 31, 2025. The company also ranked first globally in energy storage battery shipments for five consecutive years from 2021 to 2025.

CNTE is led by Huang Shilin, co-founder and chairman of the company and former vice chairman of CATL. The company specialises in manufacturing CATL-cell-based energy storage systems for commercial, industrial and utility-scale applications using lithium iron phosphate (LFP) battery technology.

Treet Battery said the partnership is expected to bring CNTE's energy storage technology, product portfolio and technical expertise to Pakistan, while leveraging Treet's local market presence, distribution network and after-sales infrastructure.

The proposed collaboration covers residential, commercial and industrial energy storage solutions and may also lead to additional value-added activities and local assembly operations in Pakistan in the future.

The company said the agreement is intended to explore long-term opportunities in the growing energy storage market as demand for battery-based energy solutions continues to expand across multiple sectors.