Lishen (Qingdao) and Yotai Digital Energy Entered into Agreement for Strategic Cooperation



On the afternoon 15 May, Lishen (Qingdao) New Energy Co., Ltd. (Lishen (Qingdao)) and Yotai Digital Energy (Shenzhen) Co., Ltd. (Yotai Digital Energy) signed an agreement for strategic cooperation. Yang Chenglin, deputy secretary of the Party Committee and general manager of Lishen (Qingdao) and Chen Shuo, co-founder and CEO of Yotai Digital Energy signed the agreement on their respective behalf.

The signing of the agreement enables Lishen (Qingdao) and Yotai Digital Energy to become partners for strategic cooperation in new energy sector at home and abroad. They will jointly develop energy storage market and cooperate in the business of power generation, transmission and distribution, end user customers service and micro-network. They will take the advantages of each other for win-win, share of resources and in the end the sustainable development of energy storage business.

In the meeting, Yang Chenglin congratulated Yotai Digital Energy on their merit in telecommunication, computer software and hardware and battery control system. He learnt Yotai’s development concept and introduced Lishen Battery’s business distribution, area of application of products, the merit made in lithium battery and development trend and hoped to expand business with Yotai and deepen cooperation.

Chen Shuo highly appreciated Lishen Battery’s rapid development and merit made and then introduced the main lines of business, marketing, project product demands and areas of application and also hoped to integrate advantageous resources of both sides for maximum benefit.

The signing of the agreement will further accelerate the development of Lishen Battery in energy storage sector and promote intensive cooperation with Yotai at higher level and in wider range and build a strong consortium, which will play positive role in enhancing the general competitiveness of the sides and provide strong support for their rapid development.