According to Zhitong Finance App, Penggao Holding Group (01865) issued an announcement. On November 10, 2026, the company signed a letter of intent to cooperate with Changzhou Qianmu Renewable Energy Co., Ltd. The two sides promise to establish a comprehensive and long-term partnership. The two partners will fully integrate and allocate their respective core competitive advantages in terms of capital strength, industrial resources, market channels, technology research and development and industrial chain support, and work together to promote R&D, iteration, commercialization and large-scale industrialization of cutting-edge new energy technologies.
The collaboration will cover product development, business consulting services, marketing and technological innovation. The two sides plan to establish a joint venture in Shenzhen and invest in supramolecular (Shenzhen Co-crystal) new energy technology research and development, and develop diversified business cooperation based on this.
In the field of batteries, the two sides plan to jointly develop lithium metal battery products with high safety and high energy density for high-value special application scenarios such as drones, aerospace, and electric vertical take-off and landing vehicles (eVTOL); simultaneously promote the industrialization and export of deep eutectic flame retardant electrolyte technology to foreign countries; and jointly develop high-safety energy storage system solutions suitable for industrial and commercial scenarios.
In the battery circular economy sector, based on the green lithium battery recycling process, the two sides plan to jointly promote recycling industry projects such as separation of waste power battery materials, efficient metal extraction, and cathode material recycling.
The two sides can use various flexible cooperation models such as technology licensing, joint research and development, joint production line construction, and market resource interconnection to promote the implementation of various projects. This strategic cooperation will also help the Group broaden its industrial resource reserves, improve the layout of the upstream and downstream industrial chains, optimize external industrial financing and docking channels, and consolidate the Group's development foundation on the new energy circuit.