Shengfeng Development Limited Announces Completion of the Ningde Shengfeng Smart Logistics Center, Primarily Servicing CATL
Shengfeng Development (NASDAQ: SFWL) announced the completion of its Ningde Shengfeng Smart Logistics Center, primarily serving battery manufacturer CATL. The facility, constructed with an investment of RMB 244.59 million, spans 47,423 square meters with a total building area of 59,442.71 square meters.
The Ningde Center is designed to integrate warehousing and distribution services for CATL and its supply chain partners. The facility aims to enhance Shengfeng's operational capabilities and strengthen its position in China's smart logistics sector, particularly in the new energy vehicle industry. The grand opening ceremony is scheduled for December 20, 2024.
Shengfeng Development (NASDAQ: SFWL) ha annunciato il completamento del suo Centro Logistico Intelligente Ningde Shengfeng, principalmente al servizio del produttore di batterie CATL. La struttura, costruita con un investimento di 244,59 milioni di RMB, si estende su una superficie di 47.423 metri quadrati con un'area totale costruita di 59.442,71 metri quadrati.
Il Centro di Ningde è progettato per integrare servizi di magazzinaggio e distribuzione per CATL e i suoi partner della catena di approvvigionamento. La struttura mira a migliorare le capacità operative di Shengfeng e a rafforzare la sua posizione nel settore della logistica intelligente in Cina, in particolare nell'industria dei veicoli a nuova energia. La cerimonia di inaugurazione è programmata per il 20 dicembre 2024.
Shengfeng Development (NASDAQ: SFWL) anunció la finalización de su Centro Logístico Inteligente Ningde Shengfeng, que atiende principalmente al fabricante de baterías CATL. La instalación, construida con una inversión de 244,59 millones de RMB, abarca 47,423 metros cuadrados con un área total construida de 59,442.71 metros cuadrados.
El Centro de Ningde está diseñado para integrar servicios de almacenamiento y distribución para CATL y sus socios en la cadena de suministro. La instalación tiene como objetivo mejorar las capacidades operativas de Shengfeng y fortalecer su posición en el sector de logística inteligente en China, particularmente en la industria de vehículos de nueva energía. La ceremonia de inauguración está programada para el 20 de diciembre de 2024.
Shengfeng Development (NASDAQ: SFWL)가 닝더 셴펑 스마트 물류 센터의 완공을 발표했습니다. 이 센터는 주로 배터리 제조업체인 CATL을 위해 설계되었습니다. 이 시설은 2억 4,459만 RMB의 투자로 건설되었으며, 면적은 47,423 평방 미터, 총 건축 면적은 59,442.71 평방 미터입니다.
닝더 센터는 CATL과 공급망 파트너를 위한 창고 및 유통 서비스를 통합하도록 설계되었습니다. 이 시설은 Shengfeng의 운영 능력을 향상하고 중국 스마트 물류 분야, 특히 신 에너지 차량 산업에서의 입지를 강화하는 것을 목표로 하고 있습니다. 개막식은 2024년 12월 20일로 예정되어 있습니다.
Shengfeng Development (NASDAQ: SFWL) a annoncé l'achèvement de son Centre Logistique Intelligent de Ningde Shengfeng, principalement destiné au fabricant de batteries CATL. L'installation, construite avec un investissement de 244,59 millions de RMB, s'étend sur 47 423 mètres carrés avec une surface totale bâtie de 59 442,71 mètres carrés.
Le centre de Ningde est conçu pour intégrer des services d'entreposage et de distribution pour CATL et ses partenaires de la chaîne d'approvisionnement. L'installation vise à améliorer les capacités opérationnelles de Shengfeng et à renforcer sa position dans le secteur de la logistique intelligente en Chine, en particulier dans l'industrie des véhicules à nouvelle énergie. La cérémonie d'inauguration est prévue pour le 20 décembre 2024.
Shengfeng Development (NASDAQ: SFWL) hat den Abschluss seines Ningde Shengfeng Smart Logistics Center bekannt gegeben, das hauptsächlich für den Batteriehersteller CATL dient. Die Einrichtung wurde mit einer Investition von 244,59 Millionen RMB errichtet und erstreckt sich über 47.423 Quadratmeter bei einer gesamten Fläche von 59.442,71 Quadratmetern.
Das Ningde-Zentrum ist darauf ausgelegt, Lager- und Vertriebsdienste für CATL und seine Lieferkettenpartner zu integrieren. Die Einrichtung zielt darauf ab, die Betriebskapazitäten von Shengfeng zu verbessern und seine Position im chinesischen Bereich der intelligenten Logistik, insbesondere in der Branche der Neuen Energiefahrzeuge, zu stärken. Die große Eröffnungszeremonie ist für den 20. Dezember 2024 geplant.
- Significant infrastructure expansion with RMB 244.59 million investment in new logistics center
- Strategic partnership with major client CATL in the growing EV battery sector
- Potential for new business opportunities through supply chain partner services
- None.
Insights
The completion of the
The strategic partnership with CATL provides SFWL with stable, long-term revenue potential while potentially attracting additional business from CATL's extensive supplier network. This investment strengthens SFWL's competitive position in China's smart logistics sector and aligns well with the country's push toward electric vehicle adoption. Given SFWL's current market cap of
The strategic significance of this facility extends beyond its physical infrastructure. By establishing a dedicated logistics center for CATL, SFWL is tapping into China's booming EV battery supply chain. CATL, as the world's largest EV battery manufacturer, provides SFWL with exposure to a rapidly growing market segment. The timing is particularly advantageous as global EV adoption accelerates and supply chain efficiency becomes increasingly critical.
The facility's smart logistics capabilities and integration of warehousing and distribution services demonstrate SFWL's technological advancement in the logistics sector. This positions the company to capture additional market share in the specialized logistics services segment, particularly in the new energy vehicle ecosystem where precise and efficient supply chain management is crucial.
The Ningde Center was constructed with a total investment of approximately
The Ningde Center advances Shengfeng's efforts in enhancing its operational capabilities and solidifying relationships with key clients like CATL. By catering to CATL's logistics needs and those of the broader industrial chain, the Ningde Center is expected to attract new business opportunities, thereby strengthening Shengfeng's position as a leader in smart logistics in
"This milestone marks a significant step in Shengfeng's growth strategy," said Mr. Yongxu Liu, Chairman and CEO of Shengfeng. "The completion of the Ningde Center, which serves CATL and other clients, highlights the Company's ongoing commitment to providing innovative and efficient logistics solutions. It underscores our dedication to serving a wide range of industries in the Chinese market, especially the rapidly growing new energy vehicle sector. We anticipate that this facility will drive our business growth and reinforce our market position."
The grand opening ceremony for the Ningde Center is scheduled for December 20, 2024, with participation from industry leaders, local officials, and representatives from Shengfeng and CATL.
About Shengfeng Development Limited
Shengfeng Development Limited is a contract logistics company in
Forward-Looking Statements
This press release contains "forward-looking statements." Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the
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SOURCE Shengfeng Development Limited
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