Headline: XJ Electric Corporation Partners with leyuwelion to Revolutionize Renewable Energy Infrastructure and Technology

Beijing, China – July 8th – XJ Electric Corporation, a leader in power and energy solutions, and leyuwelion New Energy today announced a dynamic strategic partnership. This collaboration focuses on innovating and advancing the development, construction and operation of renewable power stations and pioneering solid-state battery technology.

The agreement signifies a pivotal advancement for both entities within the renewable energy sector, setting a new standard for technological innovation and cooperative development. The partnership is grounded in a shared commitment to enhancing research in technology, broadening market reach, and synergizing industrial efforts.

By combining their strengths, XJ Electric Corporation and leyuwelion are set to propel China’s renewable energy industry to new heights, contributing actively to the national goals of peaking carbon emissions and achieving carbon neutrality.

"Our alliance with leyuwelion is not merely a growth strategy but a transformative endeavor that will ripple through the industry, underscoring our dedication to sustainable energy solutions," remarked by Tao Xu, Vice Secretary of the Party Committee and General Manager at XJ Electric.

"This partnership transcends traditional business agreements,” highlighted by Huigen Yu, Chairman of leyuwelion, “It's a synergy of strengths that will drive the industry forward and contribute to a sustainable future."

Following the signing ceremony, leyuwelion executives visited XJ Electric’s facilities to explore further areas of cooperation and technological exchanges, solidifying the partnership’s foundation.

About XJ Electric Corporation

XJ Electric Corporation excels in ultra-high voltage and smart grid solutions, consistently leading traditional markets while expanding into renewable energy, electric vehicle infrastructure, hydrogen, and advanced storage technologies. The company is committed to delivering comprehensive solutions from product innovation to system integration, ready to meet the growing demands of the global energy sector.

About leyuwelion New Energy

leyuwelion New Energy, recognized as a “national-level specialized small giant enterprise” and a “unicorn enterprise”, is at the forefront of the solid-state lithium-ion battery field. With over four decades of R&D prowess, leyuwelion has pioneered numerous technological breakthroughs, significantly propelling the renewable energy sector forward.