Mining giant BHP Group Ltd. (NYSE:BHP) has entered into two separate Memoranda of Understanding (MOUs) with leading Chinese battery firms Contemporary Amperex Technology Co., Limited (CATL) and FinDreams Battery Co., Ltd (FDB), a subsidiary of BYD Co. Ltd. (OTC:BYDDY), to accelerate the decarbonization of its mining operations.
The agreement with CATL focuses on deploying battery technologies for electrifying mining equipment and locomotives, developing rapid charging systems, and exploring battery recycling. The partnership aligns with BHP’s goal of achieving net-zero operational emissions by 2050.
