Reached strategic cooperation with Tianjin Gateway Power Industry Co., LTD


       On December 3, 2020, the company's subsidiary, Jiangxi Ruida New Energy Technology Co., Ltd. reached a strategic cooperation agreement with Tianjin Gateway Power Industry 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 achieve 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.


       Tianjin Gateway Power Industry Co., LTD. (hereinafter referred to as Gateway Power) was established in April 2009. Its main shareholders are Shanghai Fosun High-tech (Group) Co., LTD., Shaanxi Coal Chemical Industry Group Co., LTD., and Yueda Automobile Development Co., LTD. The registered capital of the company is 913.7 million yuan. The main business is the design, research and development, manufacturing and sales of lithium-ion power batteries for new energy vehicles. As a national high-tech enterprise, the company adopts international advanced lithium-ion battery preparation technology and process, focusing on the production of soft-pack laminated lithium-ion power battery products, which are used to meet the application requirements of PHEV (plug-in hybrid electric vehicle), BEV (pure electric vehicle), HEV (hybrid electric vehicle) and other high-end new energy vehicles. With a complete automotive key parts industry chain, has become the domestic mainstream power battery enterprises. At present, it has built an annual capacity of 4GWh power battery, including 1.5Gwh in Tianjin base and 2.5Gwh in Yancheng base, providing system solutions for the world's first-class vehicle enterprise customers.

       Ruida New Energy 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.