On June 29th, the signing ceremony of strategic cooperation between Newyea Group and Xiamen Sanjuhe Energy Technology Co., Ltd. was held at the headquarters of Newyea Group in Xiamen.

Zhang Xitian, general manager of Xiamen Sanjuhe Energy Technology Co., Ltd., and Huang Jinquan, executive deputy general manager of Xiamen Newyea Group Co., Ltd. attended the signing ceremony.

In recent years, China's new energy vehicle market has changed from policy-driven to market-driven. From 2016 to 2020, the sales volume of new energy vehicles increased from 507,000 to 1.867 million. After entering 2021, the new energy vehicle market has entered a brand-new stage, with the sales volume reaching 3.521 million, an increase of 88.59% over the same period of last year. However, the sales of new energy vehicles continue to climb, but the number of charging piles can't keep pace. By the end of 2021, there were 7.84 million new energy vehicles and 2.617 million charging piles in China, and the ratio of vehicle to pile was 3:1, that is, only three vehicles had one charging pile, and there was still a big gap. Charging infrastructure is an important guarantee for green travel of electric vehicle users, and it is also an important support for promoting the development of new energy vehicle industry, promoting the construction of new power system, and helping to achieve the goal of "double carbon". Under the dual resonance of demand and favorable policies, charging piles should have been a new market full of opportunities.

Xiamen Sanjuhe Energy Technology Co., Ltd. is a new venture established in 2022. The company mainly focuses on the R&D, application and sales of new energy products and technologies, as well as related consulting and after-sales services. The fields involved mainly include pure electric buses, pure electric logistics vehicles, hydrogen energy commercial vehicles, pure electric bicycles/motorcycles/tricycles, extended-range hybrid refrigerated vehicles, pure electric energy storage power generation vehicles, charging equipment, power exchange schemes and facilities, etc.

Xiamen Newyea Group Co., Ltd. was established in October, 2014. It is a technology-driven high-tech group that focuses on the R&D and industrial application of the core technology of wireless charging, integrating R&D, manufacturing, investment and operation. The Group now owns two state-level high-tech enterprises, with its headquarters in Xiamen, R&D centers in Shenzhen, Xiamen and Zhangzhou, and a 100,000-square-meter wireless charging production and research base in Huaan, Zhangzhou. The Group owns more than 200 independent intellectual property rights in the field of intelligent charging, and has presided over and participated in more than ten national standards for wireless charging of electric vehicles. The company independently developed 2/3.7/7.7/11/30kW electric vehicle wireless charging system and 60KW dynamic wireless charging system, and has formed strategic cooperation with multi-brand passenger cars such as Geely, Dongfeng, Chery, Tata of India, and multi-brand commercial vehicles such as Jinlong Bus. In addition, the company has a full range of charging piles of 7kW-480kW, optical storage and charging technologies and products, a Newyea charging intelligent charging operation platform, the first to build a charging carbon trading platform and serve the new energy automobile industry. At present, it has formed strategic cooperation with a number of central enterprises, such as SDIC Power, National Energy Investment Group, Three Gorges Power and Datang New Energy, with projects in more than 20 cities.

The signing of this strategic cooperation agreement marks the formal establishment of a strategic partnership between Newyea Group and Xiamen Sanjuhe Energy Technology Co., Ltd., and the new cooperation will surely create a new industrial structure. Next, the two sides will carry out in-depth cooperation around the promotion of urban new energy vehicles, wireless charging and charging pile industry construction projects. Complement each other's advantages, unite with each other, and jointly create intelligent charging solutions for new energy vehicles with high added value and higher cost performance for customers.