Recently, BAIC New Energy signed a strategic cooperation agreement with Greater Bay Technology. The two aim to jointly establish 200 super-charging stations by the end of this year.
Chinese automaker BAIC New Energy (Chinese: 北汽新能源) recently signed a strategic cooperation agreement with electric vehicle charging solution provider Greater Bay Technology (Chinese: 巨湾技研). The two aim to jointly establish 200 super-charging stations by the end of this year, providing users with a "gas station-style" charging experience. The parties held a signing ceremony on 16 February.
With the new round of technology and industrial revolution, China is vigorously developing new energy vehicle industry. According to statistics, the market share of new energy vehicles has reached 23.5% in 2022. However, the problem of difficult and slow charging of new energy vehicles is becoming increasingly prominent, which seriously hinders the development of new energy vehicle industry. In order to accelerate the application and industrial development of new energy vehicles, BAIC New Energy and Greater Bay Technology jointly build a new ecology of extremely fast charging.
According to the strategic agreement, based on their respective advantages in super-charging technology and super-charging resources, they will cooperate in super-charging technology exchange, joint R&D, product application and super-charging infrastructure service network co-construction, and plan to jointly promote 200 super-charging stations nationwide by the end of 2023. By the end of 2025, they will jointly promote the construction of a new ecosystem of extremely fast energy replenishment nationwide.
The strategic cooperation between BAIC New Energy and Greater Bay Technology will further reduce the investment cost and speed up the layout of energy replenishment. At the same time, through technical exchanges and cooperation, BAIC New Energy will further consolidate its technical advantages in the three electric fields, especially super-charging technology, and accelerate the application of super-charging technology to bring a more convenient travel experience for users.
In the future, JGreater Bay Technology will continue to deepen the field of XFC eXtreme Fast Charge technology, accelerate the application of XFC power batteries for new energy vehicles, and cooperate with multiple parties to accelerate the overall layout in the field of energy supply services.