On June 8, Hu Kun, chairman of SMS Electric and SMS Energy, visited Penghui Energy for investigation and negotiation, and was warmly received by Xia Xinde, chairman of Penghui Energy. At the meeting, the two sides formally reached a strategic cooperation, Penghui Energy storage division senior director Chen Huiming, SMS Energy general manager Deng Dong signed a strategic cooperation agreement on behalf of the two sides. At the same time, Xia Xinde, chairman of Penghui Energy, Hu Kun, chairman of SMSElectric and SMS Energy, witnessed the signing ceremony.

According to the agreement, the two sides will carry out in-depth cooperation in the field of new energy and energy storage, give full play to the advantages of both sides in market resources, technological innovation, brand and other aspects, so as to achieve strong and win-win cooperation.

As a subsidiary of SMS Electric entering the field of energy storage, SMS Energy will build an industrial layout with energy storage business as the core in the next three years, which is highly consistent with Penghui Energy's focus on energy storage strategy, and the strategic cooperation between the two sides will focus on a number of new energy fields such as household energy storage. According to CNESA/GGII and other industry authorities, Penghui Energy in 2022 global household storage battery shipments ranked Top2, in the field of household cell advantages prominent, Penghui Energy will provide SMS Energy with market competitive cell products and services, to help SMS Energy in the global energy storage market development and layout.

In the future, the two sides will create a new business cooperation model of mutual benefit, win-win and sustainable development with household storage as the core, promote the strategic cooperation between the two sides in the energy storage industry to achieve practical results, jointly help the global energy transformation, so that more people can afford safe and stable clean energy.