On July 26, 2023, two leading companies in China's energy storage industry, Shanghai Bison Brothers Electric Power Technology Co., Ltd. (referred to as "Bison Brothers") and BYD Auto Industry Co., Ltd. (referred to as "BYD Energy Storage"), jointly announced that they have signed a 10GWh energy storage strategic cooperation framework agreement. This collaboration will extend to the global market to explore and expand the new energy storage application market as its core, promoting the prosperous development of the energy storage industry ecosystem.
The scope of cooperation covers multiple areas: Research collaboration will involve joint development of competitive energy storage products and integrated technical solutions, as well as discussions on sharing intellectual property rights. Deep supply chain cooperation will see BYD Energy Storage provide suitable energy storage system solutions and technical support to meet Bison Brothers' needs, offering competitive commercial prices based on market demand. BYD commits to supplying Bison Brothers with at least 10GWh of energy storage batteries or integrated products over the next three years. Market resource sharing will involve joint project development, sharing of project benefits, establishing an after-sales maintenance system, and providing efficient after-sales services to customers. Comprehensive exchange and cooperation will not only be limited to energy storage business but will also extend to deeper collaboration in the field of new energy.
Through this collaboration, Bison Brothers and BYD Energy Storage will jointly explore the development path of energy storage technology, drive the widespread application of energy storage technology, and contribute to the creation of a cleaner and more efficient energy system. Both parties believe that this will be a win-win cooperation, bringing more opportunities and development space to the entire energy storage industry.
About Bison Brothers:
Founded in 2023, Bison Brothers Electric Power Technology Co., Ltd. is a company dedicated to global sustainable energy projects and clean, environmentally friendly electricity production. With the Bison Energy Group team and collaborations with experienced suppliers and investors around the world in regions such as Japan, Australia, North America, Europe, and Asia, Bison Brothers provides customers with one-stop energy storage project services covering the entire process, and supports funding, design, construction, and operation of renewable energy.
About BYD Energy Storage:
BYD Energy Storage is a subsidiary of BYD Auto Industry Co., Ltd., a leading Chinese provider of new energy storage solutions. As a globally renowned manufacturer of new energy vehicles, BYD possesses strong capabilities in the energy storage field and has consistently remained at the forefront of industry trends and technological advancements. BYD Energy Storage has established a complete industry chain that encompasses energy storage product research and development, manufacturing, sales, services, and recycling. Through continuous innovation and technological breakthroughs, BYD Energy Storage drives the development of the energy storage industry worldwide, providing robust support for the proliferation of renewable energy and electric transportation.