Lishen Battery entered into a strategic cooperation agreement with two business partners
Lishen Battery entered into a strategic cooperation agreement with China Construction Third Engineering Bureau Group Co., Ltd. and Wuhan Bus manufacturing Co., Ltd. (WHBC) on 22 December 2023. Yang Chenglin, assistant to general manager of Lishen Battery, deputy secretary of the Party committee and general manager of Lishen (Qingdao) attended the signing ceremony and jointly signed the strategic cooperation agreement with Wang Yongwei, deputy general manager of China Construction Third Engineering Bureau Group Co., Ltd.’s Beifang Company and Gao Tao, the managing director of WHBC.
In the meeting, Yang Chenglin expressed his warm welcome to the delegations of China Construction Third Engineering Bureau Co., Ltd. and WHBC. He went to learn the basic information about the cooperation on the project. He then proceeded to introduce Lishen industrial distribution, applications and accomplishment achieved in lithium battery sector and future development and expressed the intent of Lishen for accelerated and in-depth cooperation with the two business partners.
Wang Yongwei and Gao Tao detailed their respective main lines of business, operation, market need of project products and actual application scenarios. Both highly recognized Lishen’s development trend and achievement and hoped to expand their areas of cooperation from one area to many.
The three parties caused to sign strategic cooperation agreement after the meeting. The parties agreed on in-depth cooperation on the basis of mutual benefit and win-win. WHBC and China Construction Third Engineering Bureau Co., Ltd. are jointly contracted for a Yulin Ecology Rehabilitation Project in Shaanxi Province in which 1000 electric mine trucks (each 100t) will be used. The power of each truck battery is 528kWh. Support is offered on priority basis by Lishen Battery in terms of sale price, production guarantee and after-sale service.
The signing of the agreement highlighted the cooperation among the parties. With the agreement, complementary advantages will be taken in terms of channel resources, solutions and market expansion. It is of positive significance to enhance the comprehensive competitiveness of the parties. It is also strong support for the rapid development of their business.