The beginning of the battle is decisive, and to start means to accelerate. On February 13, after the company's annual work conference, Chairman Li Liubing, with Tang Haibin, general manager of Wuhan New Energy Company, and Tang Weifei and Qian Zhenhua, leadership team of Zhechu Group, visited Luoyang Power Storage and Transformation Company of CITIC Group, and held a discussion with Wang Dongliang, general manager of Luoyang Power Storage and Transformation Company, Hao Shukui, deputy general manager and Liu Lei, the head of marketing department. The in-depth communication and exchanges centered on intensive cooperation in the field of new energy, which has reached consensus on strategic cooperation.

Luoyang Power Storage and Transformation Company is a high-tech enterprise owned by CITIC Heavy Industries, a subsidiary of CITIC Group. Luoyang Power Storage and Transformation Company is rooted in Luoyang. With the advantages on equipment manufacturing of Luoyang and the Group, the company is an actively practitioner of the national military-civilian integration strategy, and is committed to the technology research and development and engineering application of high-safety/ultra-high voltage, ultra-high rate/wide temperature range power system. The company mainly provides wind-solar energy storage system, special equipment, unmanned platform, mining equipment with highly reliable new power supply solutions. Wang Dongliang, general manager of the storage and transformation company, warmly welcomed the arrival of Chairman Li Libing and his team. He led the inspection team to visit the company's product exhibition hall, cell production line workshop, battery testing laboratory, energy storage system PACK workshop, finished product warehouse and other departments, and introduced the production process, product advantages and characteristics, capacity scale and sales of the battery cell of the storage and transformation company in detail. 

During the meeting, Hao Shukui, deputy general manager of the company, gave a comprehensive introduction about the historical background, business fields, technical expertise and future development plan and layout of the company. In the field of special batteries for military, the company has the advantages of international leading technology and system solutions. The company’s layout of new energy business in the field of military-civilian integration is highly complementary to the development positioning and industrial layout of China Bester Group. The two sides conducted in-depth communication and exchanges on how to carry out collaborative cooperation, and finally reached a consensus on strategic cooperation in the fields of energy storage in the civil market, UAV equipment, and power batteries. In the future, both parties will exploit their own advantages in the new energy industry, strengthen communication and close cooperation, and achieve win-win development.

In-depth communication and exchanges between representatives of both parties.

At the meeting, the two parties established a project working team, and confirmed the responsibilities, technical plans and delivery schedule of each party on the deployment of 100Mw energy storage projects in the first quarter and 1Gw energy storage projects throughout the year. The two sides will actively promote project delivery, ensure the implementation of projects with high quality and efficiency, and jointly promote the rapid development of new energy business.