【True Insight Hong Kong Stock Market】Deltrix, a subsidiary of Chi Feng Group, has reached a deep strategic cooperation with Shenzhen Hailiang Technology to jointly explore the international market for new energy.
Cheer Time Industrial Electronic Group Limited (01710.HK)$TRIO IND ELEC(01710.HK) announced that its subsidiary Deltrix Limited has officially signed a strategic partnership agreement with Shenzhen Hiliang Technology Co., Ltd. at Cheer Time's Nansha manufacturing headquarters. This cooperation has attracted widespread attention in the new energy sector and is regarded as an important strategic milestone in the industry.
According to the agreement, the two parties will cooperate in the fields of new energy and new energy vehicle products and application innovation, focusing on photovoltaic-storage-direct-flexible super charging stations and integrated solutions, to jointly promote the development of the global new energy industry. The cooperation will cover markets in Mainland China, Hong Kong, Central Asia, Singapore, Indonesia, Malaysia, the Middle East, and other regions, with a focus on the R&D, promotion, and application of photovoltaic-storage-direct-flexible super charging station products and integrated solutions. Key projects in the initial phase include the construction and operation of photovoltaic-storage-direct-flexible charging stations in Central Asia, the construction and operation of charging stations for Hong Kong's electric taxi hubs, and the establishment of photovoltaic-storage-charging demonstration projects in Mainland China. The cooperation model will involve reasonable allocation of resources and capabilities based on the specific needs of different projects, aiming to create market-influential dual-brand projects.
In terms of technological R&D, both parties have demonstrated a firm commitment to exploring cutting-edge technologies. Deltrix has been dedicated to innovation and investment in new energy technology R&D, with its team achieving a series of breakthroughs in energy storage technology and smart charging technology. Hiliang Technology has conducted in-depth research on charging-storage-direct-flexible technology, and its newly developed energy storage materials are expected to further enhance the performance of energy storage systems. Through technological synergy, the two parties are expected to launch a series of more competitive photovoltaic-storage-direct-flexible super charging station products and integrated solutions in the near future, meeting the market's evolving demands for new energy infrastructure.
In terms of market expansion, leveraging their respective regional advantages and the support of the Belt and Road policy, the two parties have formulated detailed market expansion plans. Deltrix has an extensive business network in multiple regions worldwide, which will provide strong support for the market expansion of cooperative projects. It is expected that within the next three years, the photovoltaic-storage-direct-flexible super charging station products and integrated solutions developed by the two parties will achieve large-scale application and promotion in the Greater Asia market. Hong Kong will serve as a key growth market for the cooperation, while Central Asia will be another major focus, where Deltrix has already achieved significant market penetration. The two parties will use the Central Asian market as a demonstration for their cooperation before expanding to other global regions. This cooperation is expected to bring substantial economic benefits to both parties while significantly enhancing their brand recognition and international influence.
In terms of industrial synergy, the cooperation will have a profound impact on the new energy industry chain. Deltrix possesses rich resources and integration capabilities across the upstream and downstream of the industry chain, with scale advantages in charging pile production. Hiliang Technology has technical advantages in the integration of photovoltaic-storage-direct-flexible systems. The strategic cooperation will optimize resource allocation, reduce production costs, improve efficiency, achieve synergy in component procurement, streamline intermediate processes, and enhance supply chain efficiency. Additionally, it will promote the standardization and regulation of new energy industry technologies, driving the entire industry toward a more orderly and efficient direction, and contributing significantly to the global upgrade and progress of the new energy industry.
The cooperation between Deltrix and Hiliang Technology represents an important strategic move in the new energy sector. The two parties will work together to seize the historical opportunities in the development of the new energy industry, inject new vitality into the global new energy sector, and jointly create a greener and more sustainable future.
Mr. Wong Sze Kai, Chairman of Cheer Time Group, remarked: "On the occasion of the successful signing of the cooperation agreement between Cheer Time and Hiliang, I am full of confidence in our partnership. This cooperation is a perfect match of strengths, and through the new energy business, we will achieve mutual benefits. Cheer Time has abundant resources, strong capabilities in production and factory technology, and extensive overseas market resources and capabilities. Hiliang Technology excels in R&D technology and system design, particularly with unique expertise in photovoltaic and energy storage fields. Our corporate cultures are highly compatible, making us ideal business partners. In the fields of new energy and EMS, I firmly believe we have vast opportunities for cooperation. We will work together to elevate our businesses to new heights, create a win-win situation, and inject new vitality into the industry."
Mr. Hu Jianping, Chairman of Hiliang Technology, commented: "At this exciting moment of signing the cooperation agreement with Cheer Time, I am deeply delighted. Cheer Time, as a Hong Kong-listed company with over 40 years of industrial manufacturing experience, commands great respect for its profound heritage. Its leading position in new energy manufacturing lays a solid foundation for our cooperation. Hiliang Technology has unique advantages in application scenarios, with over 30 years of experience in transportation, mobility, and urban electrification solutions. Our businesses are highly complementary—Cheer Time focuses on manufacturing, products, and solutions, while we emphasize application scenarios. We highly value Cheer Time's capabilities and platform. By combining our strengths and leveraging the resources of Hiliang's shareholder, Volkswagen Group Commercial Vehicles, we will expand globally. We will integrate the industry chain, excellent hardware and software resources, including photovoltaic, energy storage, charging, and smart microgrids, to truly bring China's new energy experience to the world and contribute to the global development of the new energy industry."
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