Shengfeng Development Limited Announces Completion of the Ningde Shengfeng Smart Logistics Center, Primarily Servicing CATL

Core Viewpoint - Shengfeng Development Limited has completed the Ningde Shengfeng Smart Logistics Center, primarily serving Contemporary Amperex Technology Co., Limited (CATL), enhancing its operational capabilities and market position in the logistics sector [1][3][4]. Group 1: Facility Details - The Ningde Center was constructed with a total investment of approximately RMB 244.59 million, covering an area of 47,423 square meters with a total building area of 59,442.71 square meters [2]. - The facility is designed to integrate warehousing and distribution, providing logistics solutions for CATL and its supply chain partners [2]. Group 2: Strategic Importance - The completion of the Ningde Center is a significant milestone in Shengfeng's growth strategy, reinforcing its commitment to innovative logistics solutions, particularly in the rapidly growing new energy vehicle sector [3][4]. - The facility is expected to attract new business opportunities and strengthen Shengfeng's position as a leader in smart logistics in China [3]. Group 3: Company Background - Shengfeng Development Limited is a contract logistics company established in 2001, providing integrated logistics solutions across 341 cities in 31 provinces in China as of June 30, 2024 [5]. - The company offers B2B freight transportation services, cloud storage services, and value-added services, aiming to enhance efficiency and management systems for its clients [5].