Prime Minister Uchral Nyam-Osor met with Robin Zeng, Founder and Chairman of Contemporary Amperex Technology Co., Limited (CATL), during the World Economic Forum's Annual Meeting of the New Champions, also known as the Summer Davos Forum, held in Dalian, China, from June 23 to 25.

CATL is a global leader in electric vehicle batteries, energy storage systems, battery recycling, battery-swapping technologies, and smart energy solutions. In 2025, the company generated revenue of CNY 423.7 billion and sold 661 GWh of lithium-ion batteries, maintaining its position as the world's largest battery manufacturer for the ninth consecutive year with a 39.% share of the global market. It has also ranked first globally in energy storage battery shipments for five consecutive years.

During the meeting, the two sides exchanged views on cooperation in Mongolia's energy transition, battery energy storage infrastructure, maintenance services, battery recycling, and value-added manufacturing.

As an initial step, CATL plans to invest in a battery energy storage project with a capacity of 100–400 MWh in Sergelen soum, Tuv aimag. The project is expected to create opportunities to process and refine battery-grade raw materials, assemble battery components in Mongolia, develop battery recycling regulations, and expand technological cooperation.

The project is expected to strengthen the stability of Mongolia's power grid, facilitate greater integration of renewable energy, improve peak-load management, and lay the foundation for future industries, including electric mobility, green data centers, and artificial intelligence infrastructure.

Officials noted that the investment by one of the world's leading technology manufacturers reflects growing international confidence in Mongolia's energy sector reforms, green transition, and battery storage infrastructure.

Under the government's "Liberate" initiative, which aims to remove longstanding regulatory bottlenecks, streamline approval processes, and accelerate delayed energy projects, Mongolia launched its first open and competitive tender for renewable energy projects across five locations connected to the Central Energy System. A total of 115 companies expressed interest, with 19 firms participating in the bidding process. The competitive bidding process lowered the electricity supply tariff to 4.8 U.S. cents per kilowatt-hour, demonstrating the effectiveness of a transparent, market-based procurement system.

According to the Media and Public Relations Department of the Government, both domestic and foreign investors participated in the tender without requesting additional government guarantees, reflecting confidence in Mongolia's fair, transparent, and competitive investment environment.

Published Date:2026-06-28