Zhitong Finance App News, Zhengdao Group (01188) announced that on August 20, 2026, the company signed a memorandum of understanding with Hengwan New Energy (Qianshan) Co., Ltd. The Memorandum of Understanding contains a framework for the contracting parties to explore potential cooperation opportunities, with the aim of establishing long-term strategic cooperation and mutual commercial benefits.
According to the memorandum of understanding, the contracting parties intend to explore cooperation in various fields, including: (i) promoting Hengwan's annual 5 gigawatt-hour energy storage and power battery industry projects, covering construction, equipment procurement and infrastructure construction, and cooperating in battery manufacturing; (ii) jointly developing energy storage cells, power lithium-ion batteries and system solutions to promote product iteration and technology optimization, and jointly explore domestic and foreign markets, expand customer channels and explore product application scenarios; and (iii) explore cross-business promotion and joint participation in industries activities, and the sharing of industry intelligence, market resources and operational expertise between the two parties.
According to the announcement, the group is actively developing its business in the physical energy storage and power battery industries. The proposed cooperation with Hengwan will enable the Group to accelerate its layout in the energy storage and power battery physical industry sector with Hengwan's stable production capacity, solid new energy technology strength and compliant operating foundation. Furthermore, the proposed partnership will enable each contracting party to benefit from each other's competitive advantages and open up new mutually beneficial business opportunities in the new energy industry chain.