On May 3, CNAE(Yangzhou) Co., Ltd. (hereinafter referred to as CNAE), Liuzhou Wuling Automobile Industry Co., Ltd. Indonesian Branch (hereinafter referred to as Wuling Industry) and PT.IBAK ILMIAH INOVASI (hereinafter referred to as IBAK) held an international exhibition in Jakarta. The center signed a cooperation agreement on the procurement of lithium iron phosphate battery modules for electric vehicles.  CNAE will join hands with Wuling Industry and IBAK to jointly develop and experiment various new energy products based on the characteristics of the Southeast Asian market to provide strong support for the energy transformation of Southeast Asian countries.

CNAE and Wuling Industry signed a contract on-site

CNAE and IBAK signing site

From April 30th to May 4th, the first Indonesian International Two-Wheeler, Parts and Supplies Exhibition is in full swing. As the largest sodium power production company in the world, CNAE has an endless stream of overseas customers in front of the booth. This time Core application products such as 32140 and 4695 sodium batteries, lithium batteries, two-wheel vehicle battery packs, motorcycle battery packs, AGV batteries, tricycle power supplies, forklift power supplies, cleaning equipment power supplies, and RV/ship power supplies were exhibited.

After signing a purchase agreement for sodium-ion battery modules for electric tricycles with a total value of US$3.75 million with Indonesian Huaihai yesterday, today, CNAE once again signed a purchase cooperation agreement with Wuling Industry and IBAK. CNAE has continued to have good news overseas, and this will be its first step into Southeast Asia.  An important step for the market, CNAE is actively deploying battery factories around the world to support the development of global sustainable causes.

According to the agreement, the signed project is battery modules for electric motorcycles and tricycles. CNAE and Wuling Industry signed a purchase cooperation agreement with a total amount of US$1.45 million, including 1,500 sets of 72V50Ah electric motorcycle sodium-ion battery modules and 48V60Ah electric tricycle battery modules. 1500 groups.  CNAE signed a battery module purchase agreement with IBAK with a total value of US$1.065 million, including 3,000 sets of 48V12Ah battery modules and 3,000 sets of 60V30Ah battery modules.

The three parties plan to jointly establish a new energy battery production base in Indonesia, strive to realize the supply of new energy industry chain products from battery cells to application systems within three years, fully mobilize their respective advantageous resources to cooperate, and provide products and services to Southeast Asia based in Indonesia.

The signing ceremony was witnessed by Lu Jinlong, Vice Chairman of the China Bicycle Association, and Song Jinyun, Deputy Secretary General of the Jiangsu Bicycle and Electric Vehicle Association.

  Introduction to Wuling Industry  

Liuzhou Wuling Automobile Industry Co., Ltd. (Wuling Industry) was established in 2007. It is a large-scale Sino-foreign joint venture jointly established by Wuling Group and Hong Kong-listed Wuling Automobile Group Holdings Co., Ltd.

Wuling Industrial Indonesia Branch fully absorbs the superior resources of both shareholders, inherits Wuling Group's rich experience in automobile design and manufacturing for more than 30 years, fully relies on Hong Kong's convenient overseas financing platform, and focuses on the production and sales of automobile parts, engines and entire vehicles.  car.  By integrating resources and complementing each other's advantages, Wuling Industrial Company's R&D, procurement, manufacturing and sales systems operate at high speed, forming the core competitiveness of the company relying on the Wuling brand effect.

  IBAK Company Profile  

PT.IBAK ILMIAH INOVASI (IBAK) is a local Indonesian company registered in Indonesia focusing on new energy high-speed electric motorcycles and related fields. Currently, eleven high-speed electric motorcycles (top speed 160km/h or above) have obtained NIK license.  A local brand that fills the gap in the high-speed electric motorcycle field in Indonesia.

  CNAE Profile  

Sodium Energy (Yangzhou) Co., Ltd. belongs to China Sodium Group, specializing in sodium-ion batteries, lithium iron phosphate batteries, power and energy storage products, is one of the first battery manufacturers in China with international competitiveness.

CNAE always adheres to the realization of customer value as the guide, with the advantages of the whole industry chain as the core, and efficiently integrates the battery cell, BMS and PACK technology to form a system with the best performance of energy storage and power products. CNAE has established a fully automated production line in Yangzhou with an annual capacity of 1GWh large cylindrical cells with all lugs and 5GWh battery module PACK, which can provide cylindrical 32140, 4695 LiFePO4 and Sodium-ion cells with the core advantages of ultra-fast charging, high rate of discharge, superior low-temperature performance, and long lifespan, which can solve the 12V-1500V all-voltage power and energy storage system solutions for the customers.