On July 9th, the signing ceremony of the strategic cooperation framework agreement between Shenzhen V&T Technology Co., Ltd. (hereinafter referred to as "V&T") and Huizhou BYD Battery Co., Ltd. (hereinafter referred to as "Huizhou BYD Battery") was grandly held in Guangming District, Shenzhen. Mr. Qiu Wenyuan, Chairman and General Manager of Blue Ocean Huateng, and Mr. He Long, Vice President of BYD Group and Chairman of Freddy Battery, respectively signed a cooperation agreement on behalf of both companies. Representatives of both parties attended and witnessed the signing together.
Leaders and representatives from both V&T and BYD attended the signing ceremony
According to the agreement, both parties plan to engage in comprehensive and in-depth cooperation in the application and promotion of products such as motor controller units, integrated electronic control, power batteries, high-voltage DC relays, metallized film capacitors, and high-voltage DC fuses.
This strong alliance aims to help both parties further improve overall operational efficiency, reduce operating costs, jointly create the most competitive products, achieve future market expansion strategies, create greater commercial value for both parties, and achieve mutual benefit and win-win.
In recent years, V&T has actively carried out multi-modal strategic business cooperation with leading enterprises in the industry, creating an industrial ecological pattern of complementary advantages and win-win cooperation with the upstream and downstream of the industrial chain. In November 2019, the company signed a strategic cooperation framework agreement with BYD Microelectronics (predecessor of BYD Semiconductor); In May 2020, the company and BYD Semiconductor jointly established a "Joint Innovation Laboratory"; In June 2020, the company's subsidiary Xinyu Huateng invested 25 million yuan to participate in the equity investment of BYD Semiconductor. The above cooperation is conducive to the strategic extension of the company's core raw materials such as IGBT modules and wafers, SiC modules and wafers, as well as the technology promotion and industrial layout of the company's electric vehicle motor controllers and related products.
The strategic cooperation between the company and Huizhou BYD Battery marks the realization of a long-term and stable strategic partnership between Blue Ocean Huateng and BYD.
Leaders and representatives from both V&T and BYD attended the signing ceremony
In the future, V&T and BYD will strive for more in-depth and specific cooperation projects. To achieve supply chain optimization and complementarity, overlap resource advantages, create a win-win pattern in the industrial chain ecosystem, continuously enhance the company's industry market competitiveness, and contribute to the continuous improvement of China's new energy vehicle industry technology level, promoting the harmonious, healthy, and rapid development of the new energy vehicle industry.