The global energy transformation is accelerating. The energy storage business in the field of new energy has occupied an important position in recent years and has broad development prospects. This signing is a strong alliance between the leading energy storage integration companies in the United States and Chinese energy storage equipment companies. It is of great significance to realize the global layout and market breakthrough of CIMC's energy storage business, which has become an important milestone in the development of CIMC's energy storage business.

A few days ago, the signing ceremony of the joint venture agreement between CIMC and Powin of the United States was held at the headquarters building of CIMC in Shekou, Shenzhen. Geoffrey Brown, CEO of Powin, Pablo Gonzalez, Chief Technology Officer, Mary, General Manager of Qingdao Office, Brandy, Supply Chain Director of Qingdao Office, Huang Tianhua, Vice President of CIMC and President of Container Sector, Hu Zhiwei, General Manager of CIMC Technology, Xu Guoyao, general manager of Qingdao CIMC, and others attended the signing ceremony.

At the ceremony, Hu Zhiwei, general manager of CIMC Technology, Xu Guoyao, general manager of Qingdao CIMC, and Geoffrey Brown, CEO of Powin, signed a joint venture agreement on behalf of their respective companies, and the three parties jointly invested in the establishment of Qingdao CIMC Puwei New Energy Technology Co., Ltd.

Powin is an American battery energy storage system integrator and manufacturer headquartered in Portland, Oregon. It has nearly 10 years of development history in the field of energy storage and is one of the leading energy storage integration companies in the United States. According to the ranking released by the US market research organization Navigant Research, Powin has been ranked among the top 3 global energy storage system integrators in recent years.

Against the background of global carbon neutrality, CIMC continues to carry out technology research and development and product innovation in the field of energy storage integrated equipment. Qingdao CIMC Base and Powin have cooperated since 2020, and the two parties have established a good business cooperation relationship. In the future, CIMC and Powin hope to deepen cooperation with their respective advantages and develop a win-win situation in the field of energy storage business.

Geoffrey Brown, CEO of Powin, expressed his gratitude to CIMC for its strong support and assistance during the development stage of Powin's energy storage business. He said that Powin's business is growing rapidly at present, and it has many large-scale energy storage projects around the world. Its products have high energy storage capacity and high safety, and it has strong PCS (inverter) and EMS (energy management system ) technical capabilities, currently focusing on the North American and Australian markets, and is also actively exploring the European market. Powin is very much looking forward to the follow-up cooperation with CIMC in the future, the two sides can achieve complementary advantages, resource interconnection, market interoperability, and conduct deeper business cooperation in the global field.

Huang Tianhua, vice president of CIMC and president of the container segment, said that through 40 years of continuous development, CIMC Container has been constantly looking for and exploring opportunities for innovation. CIMC is very optimistic about the development prospects of the energy storage industry. CIMC is a group enterprise with a modern management model. After years of market-oriented operations, it has a mature overseas market layout. At the same time, Powin's global vision is also highly compatible with CIMC's development strategy. Powin's supply chain layout in China in recent years requires product safety, quality assurance and global cooperation capabilities; while CIMC's lean production concept and strong large-scale industrial manufacturing capabilities can provide sufficient support for its product quality and on-time delivery. Assure. Cooperating with CIMC will enable Powin to further possess the world's leading cost advantage and quality assurance. CIMC is confident and capable of becoming one of Powin's best partners worldwide.

The two parties have become closer partners through joint investment and establishment of a joint venture company, and will promote and develop together in resource allocation and business cooperation. At the same time, CIMC and Powin are highly consistent in innovation concepts, and CIMC also attaches great importance to the protection of intellectual property rights. In the future, CIMC will integrate CIMC's innovation capabilities in product optimization, system development, intelligent manufacturing and other aspects to achieve a win-win situation with Powin. Create the future.Editor/Ma Xue