Tag Archives: EUT

PR Newswire

HULKMAN Announces the Release of Its Most Advanced Battery Charger

Leave a comment

Santa Clara, Calif., Jan. 28, 2022 — HULKMAN has announced the launch of its latest product, the Sigma 5 Battery Charger and Maintainer. The Sigma 5 solves one of the most common vehicle-related problem faced by consumers—a dead battery. According to HULKMAN, not only does the Sigma 5 charge your dead battery (even if it has 0.3 volts remaining), it can also diagnose, repair, optimize and maintain your battery to help avoid dead batteries in the future.

HULKMAN Sigma 5 Amp Automatic Car Battery Charger And Maintainer
HULKMAN Sigma 5 Amp Automatic Car Battery Charger And Maintainer

The HULKMAN Sigma 5 Amp Battery Charger and Maintainer features universal adaptive charging, an impressive 3.4-inch LED display, an artificial intelligence (AI) optimizer, 360-degree bad battery diagnosis and repair, and five smart system protections. HULKMAN describes each of these features as follows:

  • Universal Adaptive Charging: Five tailored charging modes charge 99.9% of lead-acid batteries, including all types of 6V and 12V batteries—plus 12V lithium-ion batteries. The integrated sensor detects the current charging stage and internal temperature to charge the battery adaptively using the correct amount of electricity. This is perfect for small vehicles such as motorcycles.
  • LED Screen Display: The 3.4-inch screen displays up to 13 easy-to-see icons and combines a warning buzzer to indicate a mis-operation. Users can monitor current/voltage, select charging parameters, and identify specific battery problems.
  • AI Charge Optimizer: The 9-Step AI Charge Optimizer ensures the correct level of power is sent to the battery, and the AI Smart Maintainer automatically maintains the battery level without user intervention, eliminating overcharging. The 12V Force Charge mode allows you charge a battery with as few as 0.3 volts.
  • 360° Bad Battery Diagnosis and Repair: This feature detects abnormal voltage drops and battery sulfation and uses AI programming to recover the battery (if possible) and restore power via pulse repair technology. Super Repair mode and Force Charge mode can resuscitate old, long-dead batteries.
  • Five smart system protections: Five advanced protections ensure security, including high-temp, short-circuit, over-current, over-voltage, and reverse-polarity protection. These safeguards help stabilize charging performance and prolong battery life.

The HULKMAN Sigma 5 Amp battery charger features a rugged design and solid construction to last a lifetime. It is also dust-tight and drop resistant. HULKMAN offers a 36-month hassle-free warranty and lifetime technical support.

The HULKMAN Sigma 5 battery charger and maintainer is now available on Amazon and on the HULMAN website here.

About HULKMAN

As a pioneer in this industry, HULKMAN was created by a group of ambitious and dedicated entrepreneurs with a vision to redefine the automotive & energy industry. We invested hundreds of millions of dollars in R&D and high experienced talent around the world to create automotive & energy products and services that delight our consumers. Here at HULKMAN, we aspire to deliver only the best and most brilliant innovations.

PR Newswire

Oukitel launches the Super-fast Recharging (1.5 Hours) 2000Wh Portable Power Station-P2001

Leave a comment

HONG KONG and SHENZHEN, China, Jan. 26, 2022 — Oukitel, one of the top international consumer electronics manufacturing companies in China, with a 10-year track record of creating batteries with extraordinary capacity and durability, has stepped into the huge capacity mobile power station area aiming to eliminate carbon emission by offering P2001-2000Wh power station with an affordable price and sturdy quality.

Oukitel P2001-2000Wh Power Station Power All Your Needs
Oukitel P2001-2000Wh Power Station Power All Your Needs

The modern lifestyles and the fast growth of consumer electronics adoption are heavily relying on electricity. The increase of power outages globally caused by those natural disasters has aroused a significant concern since it may lead to massive losses at work.

In many countries and areas, there is a huge rise in the adoption of backup power today. The battery, diesel, and gas-powered generators are the most accessible options on the global mobile power station market. The benefits from the battery-powered generator can be commonly recognized in environment protection and maintenance costs.

Oukitel has officially launched its very first crowdfunding project on Kickstarter, which has been 100% funded. Now Oukitel P2001-portable power station is still available on Kickstarter at the lowest price (up to 48% off). It comes with a huge capacity (2000Wh), 2000W AC output, super-fast recharge method (0-100%, 2 hours), and advanced intelligent batteries. This budget power station enables more customers to utilize green power.

Huge Capacity 2000Wh 

Best Power Solution for Home Backup

P2001 is the ideal backup power for any unexpected blackout at home. With such a huge capacity, P2001 is designed for peace of mind as it still keeps your home appliances (TV, Microwave, fridge, washer, etc.) running for hours.

If you are into outdoor and on-the-go events with family and friends, P2000 will be a perfect power solution for those electric devices, such as the coffee maker, projector, mini-refrigerator, drone, etc.

AC Output of 2000W, Surge to 4000W

Another marked function that can not be missed is that P2001 can power any heavy-duty tool, even the electric car. It can provide a constant AC output of 2000W, whose surge up to 4000W. P2001 allows you to work in any environment by using your high-wattage devices (Electric drill, circular saw, bench grinder, etc.)

Super-fast recharging 0-100%, 2 Hours

P2001 can be charged by a standard wall outlet, solar panel, electric car, or other power generators. It only takes less than 2 hours to recharge P2001 fully by standard wall outlet.

Need to be faster? P2001 also supports the dual recharging method. Only requests 1.5 hours recharging time if P2001 is powered via 1100W AC Input and 500W solar or 500W adapter simultaneously.

Best solar power storage

P2001 is one of the best solar power storage solutions as it can be recharged by any solar panel (MAX 500W) on the market. Charging P2001 fully is less than 4 hours by using solar panels on a perfect sunny day.

Double Protection: UPS

No need to worry about any damage from a power failure on your fragile electrical products. P2001 Uninterruptible Power Supply (UPS) is built to shield your sensitive and valuable electrical devices. Connecting your essential utilities with P2001, the UPS will continue to provide reliable power automatically in any unpredictable outage.

16 Versatile Recharging Ports

P2001 comes with numerous output ports and outlets. Your various home appliances can be easily powered, moreover, P2001 supports a maximum of 16 devices being powered simultaneously.

Intelligent battery comes with safety: LiFePo4 & BMS

The high-level quality standard is presented by P2001 interior and exterior design. P2001 is armored by the fire protection material (V0 rate). An intelligent temperature control system always keeps all battery packs in a good condition.

P2001 owns 48 brand-new LiFePo4 battery packs from EVE Energy Co., Ltd, which is one of the TOP3 Power Suppliers in China. Compared with a traditional Lead-Acid battery, it features better safety and a longer lifespan.

The built-in advanced Battery Management System (BMS) ensures the battery operates intelligently and safely. The condition of those massive battery packs is always monitored by its intelligent system, any subtle errors or issues can be fixed by BMS automatically. Moreover, BMS protects those batteries from overheating, overload discharging, and over-voltage discharging.

About Oukitel

Oukitel, founded in 2007, specializes in the mobile communication industry. It has a team of seasoned experts covering research and development, manufacturing, supply chain, sales, and marketing areas, and Oukitel has sold 22 million electrical products that are also marked by our commitment to sustainability.

With the consumers’ solid support and our professional team, Oukitel is more confident to move to the portable energy storage area. Oukitel can not only provide an ideal power solution for a power outage and outdoors. More importantly, it has broadly popularized eco-friendly power globally.

Official Website: https://oukitel.com/
P2001-2000Wh Power Station: https://bit.ly/32bWNro

For media inquiries, please contact:
Oukitel
marketingteam@oukitel.com

PR Newswire

JinkoSolar’s Subsidiary Jinko Solar Co., Ltd.’s Updated IPO Prospectus and Indicative IPO Timetable Published by the Shanghai Stock Exchange

Leave a comment

SHANGRAO, China, Jan. 6, 2022 — JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, is in the process of applying for an initial public offering ("IPO") of the Company’s principal operating subsidiary, Jinko Solar Co., Ltd. ("Jiangxi Jinko"), on the Shanghai Stock Exchange’s Sci-Tech innovation board. Today, Jiangxi Jinko’s updated IPO prospectus and indicative IPO timetable was published by the Shanghai Stock Exchange on its website.

According to the updated prospectus and indicative timetable, Jiangxi Jinko plans to issue  2,000,000,000.00 shares representing approximately 20% of the total  10,000,000,000.00 shares outstanding after the IPO. Jiangxi Jinko will conduct a roadshow with potential investors between January 7, 2022 and January 11, 2022. The pricing of the IPO is expected to be confirmed by the Shanghai Stock Exchange on January 13, 2022. The issuance and subscription date of the IPO is expected to be on January 17, 2022.

The final IPO share placement and share allocation are expected to be confirmed on January 20, 2022. The final IPO results are expected to be announced by the Shanghai Stock Exchange on January 21, 2022.

Mr. Xiande Li, JinkoSolar’s Chairman of the Board of Directors and Chief Executive Officer, commented, "We are excited that Jiangxi Jinko will soon be listed on the Shanghai Stock Exchange’s Sci-Tech innovation board. We are looking forward to this milestone, which we believe will enable us to further accelerate our growth."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 31 GW for mono wafers, 19 GW for solar cells, and 36 GW for solar modules, as of September 30, 2021.

JinkoSolar has 9 productions facilities globally, 22 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of September 30, 2021.

For more information:  www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com

Mr. Rene Vanguestaine
Christensen
Tel: + 86 178 1749 0483
Email: rvanguestaine@ChristensenIR.com

In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

PR Newswire

Three Big Announcements From BLUETTI at CES 2022

Leave a comment

LAS VEGAS, Jan. 3, 2022 — BLUETTI highlighted its thinking-forward solar energy facility collections at CES 2022, including the world’s first sodium-ion solar generator — NA300 and much-anticipated AC & EB series of power stations. Here’s a dive into them:

1. The Next Generation of Energy Storage: Sodium-ion Battery

BLUETTI NA300 is gonna start the revolution of energy storage systems. Begin with its 3,000W pure sine wave inverter and 3,000Wh capacity, it can juice up most electric appliances in the market. And it feels similar to the superstar BLUETTI EP500 Pro, supporting connection with another NA300 by a fusion box—Output voltage and power double to 240V and 6,000W—and App remote control.

Besides, it’s able to charge at an incredible rate of 6,000W (3,000W Max. for both AC and PV); and work with two B480 battery modules (4,800Wh each) for a whopping 12,600Wh. Such unit severs a family’s electricity needs for DAYS or even ONE WEEK during grid failures or natural disasters with constant solar input. 

Back to the Na-ion, BLUETTI first-gen Na+ batteries are comparable with lithium-ion ones. They could charge to 80% SOC in 30 minutes at room temperature. Moreover, they will keep over 85% capacity retention and over 80% system integration efficiency in sub-zero temperature (-20°C). Finally the below demonstrates a throughout comparison between this sodium-ion battery and LiFePO4 battery.


2. The Long-waited APEX: BLUETTI AC500

The BLUETTI AC series have hit the market quite a few times. This time AC500 holds a 5,000W pure sine wave inverter, maybe the most powerful in today’s market. It is also 100% modular same as AC300, and can work with six B301 battery modules (3072Wh each) for a groundbreaking 18,432Wh. Also, it supports capacity expansion with AC300’s companion—B300.

More than that, AC500 manages 8,000W Max. AC + PV dual charging (5,000W and 3,000W for AC and PV, respectively). And two AC500s can build a 240V, 10000W output power system with a fusion box.

3. The Tiny yet Mighty Assassin: BLUETTI EB3A

Finally comes the BLUETTI EB3A. Out of BLUETTI naming custom, "EB3A" is quite distinct from other lineups. BLUETTI staff said the "A" is for "Advanced". EB3A has the 600W pure sine wave inverter and 288Wh LiFePO4 battery pack under the hood and supports 600W Max. AC input and 200W Max. solar input, absolutely a big catfish for the entry-level power station market.

Plus, EB3A is the first BLUETTI compact model needn’t charge with a bulky power brick (among the sub-3000Wh range). And it only takes EB3A 20 minutes, a coffee break to get 80% fully charged.

BLUETTI is seeing the energy storage’s future forward. However, it needs more time to improve and iterate the capability of sodium-ion battery technology, and diversified technologies are expected to assure the industry’s development for a green and pleasant world in the future.

PR Newswire

EcoFlow Triples Sales for the 2nd Consecutive Year in 2021

Leave a comment

The company reaches $200 million in annual revenue and reinforces its market shares

LOS ANGELES, Jan. 1, 2022 — EcoFlow, a portable power and renewable energy solutions company, today revealed that its annual revenue reached $200 million in 2021, increasing by 275% compared to the year before. EcoFlow has more than tripled its sales for the second consecutive year, outrunning the global portable power station market’s CAGR of 42%.


"The impressive sales growth can be attributed to a few things," said Allen Zheng, Sales Director at EcoFlow. "Our expansion to over 100 markets and the complete rollout of the RIVER and DELTA product lines are the main reasons. Rising power demand caused by increasing cases of extreme weather-related power outages also played a part."

In addition to the rapid sales growth, 2021 has been a milestone year for EcoFlow. In June, the company received a Series B investment of over $100 million from Sequoia’s China fund, Hillhouse, and CICC. The funding round catapulted the company to one of the top industry leaders and saw the company valued at over $1 billion. One month later, EcoFlow launched the DELTA Pro, the industry’s first portable home battery, on Kickstarter. The EcoFlow DELTA Pro went on to break Kickstarter’s record for the most-funded tech project by raising over $12 million and was named one of TIME’s 100 Best Inventions in 2021.

EcoFlow also took a more active role in environmental issues and emergency preparedness in 2021. In March, EcoFlow initiated a long-term reforestation fundraising campaign for the Million Forest Plan, an ecological project jointly initiated by the United Nations Environment Program, the Climate Organization, and the China Green Foundation. In September, EcoFlow launched an educational campaign — ‘Peace of Mind’, which aimed to inform individuals about the importance of natural disaster preparedness through influencers and subject matter experts.

"We have great confidence in 2022 as what we’ve accomplished in the past year is a good indicator. EcoFlow will continue to expand in a socially responsible way while powering a new world," Zheng said.

About EcoFlow

EcoFlow is a portable power and renewable energy solutions company. Since its founding in 2017, EcoFlow has provided peace-of-mind power to customers in over 85 markets through its DELTA and RIVER product lines of portable power stations and eco-friendly accessories. EcoFlow’s mission is to reinvent the way the world accesses energy by innovating lighter-weight and longer-lasting clean, quiet and renewable power storage solutions.

SOURCE: EcoFlow Inc.

PR Newswire

JinkoSolar’s Subsidiary Jinko Solar Co., Ltd. Completes IPO Registration with China Securities Regulatory Commission

Leave a comment

SHANGRAO, China, Dec. 28, 2021 — JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that, according to the information published by the China Securities Regulatory Commission ("CSRC"), its principal operating subsidiary Jinko Solar Co., Ltd. ("Jiangxi Jinko") has completed its initial public offering ("IPO") registration process with the CSRC and will soon enter the issuance process for its IPO on the Shanghai Stock Exchange’s Sci-Tech innovation board. The consummation of the IPO is subject to, among other things, market conditions.

Mr. Xiande Li, JinkoSolar’s Chairman of the Board of Directors and Chief Executive Officer, commented, "We are very pleased that Jiangxi Jinko will soon enter the issuance process for its IPO and gain access to the fast-growing capital market in China, which we believe will further strengthen our leadership in the PV industry."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 31 GW for mono wafers, 19 GW for solar cells, and 36 GW for solar modules, as of September 30, 2021.

JinkoSolar has 9 productions facilities globally, 22 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of September 30, 2021.

For more information:  www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com

Mr. Rene Vanguestaine
Christensen
Tel: + 86 178 1749 0483
Email: rvanguestaine@ChristensenIR.com

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

PR Newswire

Bluetti Rings Christmas Campaign for the New Year on Solar Generators, Panels and More

Leave a comment

LAS VEGAS, Dec. 25, 2021 — Bluetti, pioneers in off-grid power solutions, unveils its Christmas campaign to celebrate the holiday season with consumers.


For users searching for the best solar generator the industry has to offer, Bluetti’s AC300 Modular Power Station with its B300 external battery packs will make the perfect gift. With a 3000W pure sine wave inverter under the hood and a significantly reduced weight, an AC300 filled to the max with four B300 packs delivers an overall capacity of 12,288Wh. The modular nature also makes for easy use both indoors and outdoors, and can be configured to meet every need.

The B300 battery modules use top-of-the-range lithium ferro phosphate (LFP) cells, capable of 3,500-plus life cycles and lasting over 10 years before maximum capacity drops to 80% at one cycle per day. Charge up the AC300 with both AC and solar simultaneously, and if even more power is needed, the new Bluetti Fusion Box Pro can double the voltage, power, and capacity up to 6,000W, 240V, and 24,576Wh.

For vanlifers, RVers, and campers, Bluetti is also offering the all-around upgraded version of a classic with the AC200 Max, powered by a 2,048Wh LFP battery. It can also take up to two external batteries including the B230 or B300, adding up to 6,144Wh with 2×B230’s, or 8,192Wh with 2×B300’s.

With the 900W advanced MPPT solar controller, the AC200MAX can also be charged quickly up to 80% with direct sunshine in around 2 hours.

In addition, the newly released Bluetti’s ultra-portable solar generators EB55 and EB70S are available with $50 off. The former has a 700W inverter under the hood and carries a 537Wh LiFePO4 battery pack for better portability, while the latter is packed with an 800W pure sine wave AC inverter and 716Wh ultra-durable LiFePO4 battery pack.

For the best savings, Bluetti’s solar panel bundles are not to be missed as well. Combined with power stations, this helpful equipment can be a lifesaver when there are emergencies or when the grid goes down.

Recommended Bluetti Bundles for Christmas:

Bonus Rewards This Christmas

To further enhance the holiday celebrations, Bluetti is also giving customers who purchase over $1,000 worth of products with a spin of the Christmas Luck Wheel. Prizes such as a 6-feet tall Christmas tree, a free power station (EB55, AC50S, AC20 or AC10) and more can be won so be sure to pop in before the Luck Wheel ends on Friday December 31, 2021.

PR Newswire

U Power ties up with Bosch to collaborate on Super Board technology

Leave a comment

The Intelligent EV tech startup completes Pre-A+ funding round

SHANGHAI, Oct. 23, 2021 — U Power, a Chinese Smart EV technology startup, has recently entered into a strategic agreement with German multinational engineering and technology company Bosch, whereby the two companies will collaborate on intelligent vehicle board technology to support the development of U Power’s "UP Super Board." At the same time, the startup has announced the completion of a Pre-A+ round of funding, led by Bosch’s market-oriented investment platform Boyuan Capital. This investment was the third round of financing received by U Power since its inception five months ago and Boyuan Capital’s first investment since being established.

U Power and Bosch cooperation signing ceremony
U Power and Bosch cooperation signing ceremony

Bosch (China) Investment Ltd. EVP Xu Daquan said: "Intelligent electric vehicle development has entered a critical period with platform-level technology guidance and innovation on track to become a new focus for development. One of the key items to come out as a result of these technological advances is the integrated vehicle board that can meet both hardware and software demands for modularization and intelligence, a feature that can greatly reduce production cost and R&D time. U Power is a partner with the right R&D and manufacturing strengths to produce such a component. We are looking forward to working with U Power on furthering integrated chassis technology and supporting the development of China’s intelligent EV industry."

As the lead investor in U Power’s Pre-A+ funding round, Boyuan Capital managing partner and CEO Zhu Lin said the value of traditional automotive supply chains has been changed with the arrival of intelligent automotive manufacturing. While many new players have entered the field, U Power has the right technology in place and therefore looks to be among the most promising. U Power’s proprietary UP Super Board is a breakthrough product that can greatly empower car manufacturing as the sector enters a new stage, greatly shorten the time needed for R&D, and meet the rapid launch and diversified market needs of intelligent EVs in different scenarios. With its many years in its role as a Tier 1 auto supplier and a complete vehicle manufacturer now deeply ingrained in its DNA, the U Power team will bring to the table a whole new approach to intelligent vehicle R&D and a highly imaginative business model for the automotive business chain, alongside its market-leading chassis products, to further reduce costs and increase efficiency. The two companies, as a result of the collaboration, will have a huge head start as the era of intelligent electric vehicle unfolds.

U Power, with its vast experience in manufacturing vehicles under multiple real-life scenarios, will reinvent the entire vehicle development process by moving to a modularization approach whereby the chassis is divided from the body. By redefining the fundamental approach, technical norms and supply chain, U Power’s proprietary UP Super Board can be customized to meet different hardware standards and software platforms, increasing R&D and manufacturing productivity. The existence of the UP Super Board is expected to shorten R&D time to one year and reduce production costs by up to 60%.

Today, China’s intelligent EV industry is exposed to increasingly fierce competition between traditional vehicle makers, new car manufacturers and technology companies. Advances in vehicle modularization and intelligence have made possible the body-chassis-separated manufacturing model. Some international start-ups are already working in this area in collaboration with major automakers. In China, the concept of the "super board" remains fresh. It is an open secret in the industry that more than 50% of the bill of materials (BOM) cost of intelligent EVs is concentrated in the power chassis, opening the door to  the creation of a new "species" like the super board. U Power founder Li Peng said there are many companies from diverse backgrounds that are eager to enter the mobility space, but what holds them back are the high barriers. U Power looks forward to seeing the UP Super Board technology create a level playing field for all those that seek to enter.

PR Newswire

ReneSola Power Announces Notice of Annual General Meeting

Leave a comment

STAMFORD, Conn., Oct. 22, 2021 — ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that its annual general meeting (the "AGM") will be held at the office of Kirkland & Ellis International LLP at 11th Floor, HSBC Building, Shanghai IFC, 8 Century Avenue, Pudong New District, Shanghai, China at 2:00 p.m. (Beijing time) on Friday, December 10, 2021.

Copies of the notice of the AGM, proxy form, poll card and annual report are available on ReneSola Power’s investor relations website at http://ir.renesolapower.com.

AGM Resolutions

The following resolutions to be proposed at the AGM will require a simple majority of the votes cast by the shareholders present in person or by proxy:

  1. As a resolution of shareholders, to receive, consider and approve the consolidated financial statements of the Company for the year ended December 31, 2020, together with the reports of the auditors thereon.
     
  2. As a resolution of shareholders, to re-elect Ms. Julia Xu and Mr. Sam (Kaiheng) Feng as directors of the Company, who are retiring by rotation and offering themselves for re-election in accordance with the Company’s articles of association.
     
  3. As a resolution of shareholders, to appoint Ms. Yuanyuan Ma as a director of the Company who was originally appointed as a director by the Board of Directors in accordance with the articles of association of the Company.
     
  4. As a resolution of shareholders, to further amend the 2007 Share Incentive Plan (as amended and restated as of January 21, 2009, August 20, 2010, August 29, 2016 and December 21, 2020) to increase the maximum aggregate number of shares which may be issued under the 2007 Share Incentive Plan 22,500,000 shares (equivalent to 2,250,000 American Depositary Shares) to 42,500,000 shares (equivalent to 4,250,000 American Depositary Shares).

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.

Related Links :

http://www.renesolapower.com

PR Newswire

CATL and BASF have signed a framework agreement to accelerate the achievement of global carbon neutrality goals

Leave a comment
  • The cooperation is focused on cathode active materials and battery recycling
  • The partnership supports both companies’ commitment to global carbon neutrality and CATL’s localization strategy in Europe

NINGDE, China, Sept. 16, 2021 — Contemporary Amperex Technology Co., Limited (CATL) and BASF SE (BASF) announced a strategic partnership on battery materials solutions, including cathode active materials (CAM) and battery recycling. The collaboration aims at developing a sustainable battery value chain, in support of CATL’s localization in Europe and contributes to achieving both companies’ global carbon neutrality goals.

CATL is a global leader in innovative new energy technologies. It is committed to providing premier solutions as well as services for new energy applications worldwide. CATL has launched its project to build up its first European factory in Germany to localize lithium-ion battery production. With this, it is accelerating the development of a local supply chain for European customers and consumers.

As the largest chemical supplier to the automotive industry, BASF has established a strong position in the CAM market including a global manufacturing and R&D footprint, and a broad portfolio of mid- to high-nickel, manganese-rich, cobalt-free CAM. In Europe, BASF is introducing CAM production with an industry-leading carbon footprint through its advanced process technology, a secured local raw materials supply chain, a favorable energy mix for production, as well as short and effective logistics along the supply chain.

Through the partnership with BASF, CATL targets to improve its European service capabilities by developing a localized battery recycling network and a secure raw material supply chain in the region.

The strategic partnership with CATL allows BASF to closely work with a globally leading battery producer on CAM and battery recycling. This cooperation will deepen BASF’s expertise and strengthen its global market position.

"The partnership with BASF is another important step for our localization journey in Europe," said Zhou Jia, President of CATL. "With CATL’s innovative battery technology and BASF’s deep materials expertise, we will further enhance our capability to support our worldwide customers and accelerate the global drive towards carbon neutrality."

"The transformation towards electromobility requires strong partnerships along the value chain," said Dr. Markus Kamieth, Member of BASF’s Board of Executive Directors. "Pairing BASF’s strong position as a leading supplier for cathode active materials with CATL’s expertise in lithium-ion batteries will speed up innovation and the formation of a sustainable battery value chain worldwide."

About CATL

Contemporary Amperex Technology Co., Limited (CATL) is a global leader in new energy technology innovation, committed to providing premier solutions and services for new energy applications worldwide. In June 2018, the company went public on the Shenzhen Stock Exchange with stock code 300750. According to SNE Research, in the year 2020, CATL’s EV battery consumption volume ranked No.1 in the world for four consecutive years. CATL also enjoys wide recognition by global OEM partners. To achieve the goal of realizing fossil fuel replacement in stationary and mobile energy systems with highly efficient electrical power systems that are generated through advanced batteries and renewable energy, and promote the integrated innovation of market applications with electrification and intelligentization, CATL maintains continuous innovation in four dimensions including battery chemistry system, structure system, manufacturing system and business models.

For more information, please visit http://www.catl.com

About BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2020. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S.

Further information at www.basf.com.

About BASF’s Catalysts Division

BASF’s Catalysts division is the world’s leading supplier of environmental and process catalysts. The group offers exceptional expertise in the development of technologies that protect the air we breathe, produce the fuels that power our world and ensure efficient production of a wide variety of chemicals, plastics and other products, including advanced battery materials. By leveraging our industry-leading R&D platforms, passion for innovation and deep knowledge of precious and base metals, BASF’s Catalysts division develops unique, proprietary solutions that drive customer success.

Further information on BASF’s Catalysts division is available on the Internet at www.catalysts.basf.com.

Related Links :

http://www.catlbattery.com