On September 9, 2017, the signing ceremony of the strategic cooperation agreement for the new energy power battery project of Fueng Technology (Beijing) was held at the Beijing Automotive Industry Research and Development Base in Shunyi.
The Standing Committee of Shunyi District Committee, the deputy head of the district, Junwei Wei, the chairman and president of Fu Neng Technology (赣州) Co., Ltd., Wang Xi, the general manager of BAIC Group, Zhang Xiyong, and the relevant leaders of the three parties attended and witnessed the signing ceremony.
The government representative of the former military commander, Chen Xiaolu, chief financial officer and brand strategy director of Fueng Technology (Zhangzhou) Co., Ltd., and Wei Gang, planning director of BAIC Group, signed the agreement on behalf of the parties.
According to the agreement, Fueneng Technology (Zhangzhou) Co., Ltd. has reached a strategic cooperation with Beijing Automobile Group Co., Ltd. and Beijing Shunyi District People's Government, and will jointly build a new energy vehicle power battery R&D and manufacturing base in Shunyi District to form an annual output of 8 GWH battery and battery pack production capacity.
The total investment in fixed assets of the whole project is about 8 billion yuan, but unlike the joint venture style of SAIC and Ningde Times, the joint venture company of Fueng Technology (Zhangzhou) Co., Ltd. is more than 80%.
After the completion of the project, it will provide important supporting support for BAIC's own brand new energy vehicles, and will further improve the core energy industry chain of new energy vehicles in Beijing and Shunyi District.
Fueneng Technology (Zhangzhou) Co., Ltd. is a well-known enterprise in the global new energy vehicle power battery industry. It mainly produces new energy vehicle ternary lithium battery and related products. It is an important battery resource strategic partner of Beijing Automotive Group Co., Ltd. new energy vehicle business. .
Zhang Xiyong, deputy secretary and general manager of BAIC Group, said that the automobile industry's agglomeration effect in Shunyi District is obvious. Fueneng has strong technical strength, especially in the ternary soft-package power battery products. BAIC Group has the leading edge of new energy vehicles. . Under such a superior development environment and conditions, he hopes that the flower of cooperation will bear fruit and fruition as soon as possible.

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