15GWh! SYL and Hithium Signed Three-Year Strategic Cooperation Agreement for Supply of Battery Cells

SYL (NINGBO) BATTERY CO., LTD. (hereinafter referred to as "SYL") and Xiamen Hithium Energy Storage Technology Co., Ltd. (hereinafter referred to as " Hithium") officially signed a three-year strategic cooperation agreement on the supply of 15GWh LFP cells on January 9, 2023. The two parties will cooperate extensively in the supply of commercial and industrial batteries worldwide, deepen the implementation of each other's development strategies, and achieve complementary resources and win-win development.

At the signing ceremony, Pang Wenjie, director and deputy general manager of Hithium, and Frank Qiu, general manager of SYL, signed a strategic agreement. The two sides launched an in-depth exchange on future cooperation. The strong combination of Hithium's exquisite battery R&D and control technology will jointly promote the implementation of energy storage projects at home and abroad and contribute to the development of the energy storage industry. The signing of this strategic agreement is an upgrade of the friendly relationship between the two parties. With its leading technology to create new capabilities, Hithium will become a continuous and firm partner of SYL on its global development path. Pang Wenjie expressed high affirmation on the strategic cooperation between the two sides: "The strategic cooperation agreement signed with SYL will give priority to supply LFP cells for SYL during the period of the core strategic cooperation agreement, providing strong support for SYL's layout of overseas markets. In the future, both parties will give full play to their core competencies in the field of new energy and work together to bring high-value user experience to customers worldwide."

The signing of this strategic cooperation agreement signifies that SYL will continue to expand the radius of cooperation on the road of global energy development as always, and jointly promote the sustainable development of global energy.