On July 28, Qian Zhimin, secretary of the party group and chairman of SPIC, had a video meeting with Wang Chuanfu, chairman and president of BYD Co., Ltd. (hereinafter referred to as “BYD”) in Shenzhen. Witnessed by Qian Zhimin and Wang Chuanfu, Hou Xuezhong, Assistant General Manager of SPIC and Director of the Development Department, He Long, Senior Vice President of BYD, Chairman and CEO of Fudi Battery, signed the strategic cooperation agreement on behalf of the two parties.

Wang Chuanfu welcomed Qian Zhimin and his delegation, and introduced BYD’s industrial development.

He said that BYD has achieved remarkable results in many fields such as electronics, automobiles, batteries and rail transit by virtue of its scientific and technological research and development strength and innovative development model. SPIC is deeply involved in the field of clean energy, and has unique advantages in comprehensive smart energy on the user side and green power conversion. It is hoped that the two parties will carry out in-depth cooperation in the fields of household energy storage, green power transportation, and international business cooperation, accelerate the implementation of cooperation projects, and jointly realize green, innovative and sustainable development.

Qian Zhimin praised BYD’s corporate development concept and innovative achievements of “technology is king and innovation is the foundation”.

He said that SPIC is promoting the development of emerging industries, accelerating innovation and transformation, and is committed to building a world-class clean energy enterprise with global competitiveness. BYD has outstanding advantages in the fields of technological innovation, new energy, and energy storage. The development strategies of the two parties are highly compatible, and the scope of cooperation is broad and the potential for cooperation is huge. It is hoped that the two parties will give full play to their advantages, deepen cooperation in the fields of household energy storage, green power conversion, and scientific and technological research and development, promote the high-quality development of the household energy storage industry, further promote the local consumption of green power, and jointly contribute to China’s “3060” goals strength.

According to the agreement, the two parties will adhere to the principle of “complementary advantages, mutual benefit, open cooperation, and common development” in clean energy, household energy storage, comprehensive smart zero-carbon power plants, technology research and development, green energy alternatives in industrial parks, and international business. Carry out all-round and in-depth cooperation in the field.

During this period, Qian Zhimin visited BYD’s exhibition hall and learned more about BYD’s product technology, technology, production capacity and market conditions in energy storage, new energy vehicles, and rail transit.

Ju Lisheng, Chief Executive Officer of SPIC and Director of General Affairs Department, He Yi, Chief Engineer of New Energy, Secretary of the Party Committee of China Electric Power, Chairman of the Board of Directors, Li Jianwei, Chief Engineer and Director of Innovation Department, and responsible for the Development Department, Legal and Commercial Department, and Guangdong Branch (Overseas Company) people participate.