The company reached strategic cooperation with Jiangxi Kaima Bailu Bus Co., LTD

2020.12.03

On December 3, 2020, the company's subsidiary, Jiangxi Ruida New Energy Technology Co., Ltd. reached a strategic cooperation agreement with Jiangxi Kaima Bailujia Bus Co., LTD.

       According to the strategic cooperation agreement, both parties make full use of their respective advantages in market, talent, technology, resources and other aspects to reach cooperation in the field of power battery recycling, maintain a high degree of mutual trust and common progress between strategic partners, and generate greater competitive advantages. In order to realize the efficiency improvement, capacity optimization, cost reduction and efficiency improvement of both parties in the comprehensive recycling and utilization of used power batteries for new energy vehicles, and ensure the market interests and market reputation of both parties.

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       Jiangxi Kaima Bailujia Bus Co., LTD. (hereinafter referred to as Bailujia) is a bus manufacturer focusing on the export of overseas high-end market. It belongs to the world's top 500 enterprises - China National Machinery Industry Corporation Limited. Centering on the adjustment of the group's main business, Bailujia has gathered momentum and become the main force of the group entering the automobile industry. It has become a professional bus manufacturer in the national central enterprise system.

       The company will adhere to the original intention, keep forging ahead, and jointly promote the development of comprehensive recycling and utilization industry of used power batteries for new energy vehicles with partners.