Zhitong Finance App News, Xinzhu Co., Ltd. (002480.SZ) issued an announcement. In order to thoroughly implement the national energy strategy transformation and development goals and the “innovation, coordination, green, open and shared” development concept, and fully integrate into the construction of the Chengdu and Chongqing Shuangcheng Economic Zone, relying on the Neijiang Vanadium Liquid Flow Battery Equipment Industrial Park, it will accelerate the construction of the largest vanadium battery electrolyte production base in western China, the largest vanadium battery (power station) system integration base in western China, the largest vanadium battery (power station) system integration base in western China, and the national vanadium energy storage application scenario demonstration city. On December 7, 2023, the company (“Party A”) signed a five-year “Strategic Cooperation Framework Agreement” with Neijiang Investment Holding Group Co., Ltd. (“China Investment Group” or “Party B”), Dalian Rongke Energy Storage Technology Development Co., Ltd. (“Dalian Rongke” or “Party C”), and Sichuan Xingxin Vanadium Technology Co., Ltd. (“Xingxin Vanadium” or “Ding Fang”) for a period of 5 years in Dongxing District, Neijiang City, Sichuan Province.

The four parties took Neijiang City as a key region for laying out the vanadium liquid flow battery energy storage industry. According to Neijiang City's overall economic and social development plan and energy development plan, the four parties have further deepened cooperation in areas such as vanadium liquid flow battery energy storage industry cluster construction, vanadium flow battery energy storage demonstration pilot project construction, vanadium liquid flow battery energy storage technology innovation platform construction, and vanadium liquid flow battery energy storage promotion and application, so as to achieve complementary advantages.

According to reports, Dalian Rongke has established a complete independent intellectual property system for vanadium batteries, with a complete industrial chain layout of energy storage materials, core components, terminal products, and solutions. The world's largest vanadium flow battery energy storage technology research and development base, energy storage material production base, and energy storage equipment manufacturing base have now been built. The technical level, number of patents, market share and scale of industrialization are at the forefront of the world. It has been approved to establish the “National Energy Liquid Flow Energy Storage Battery Technology Key Laboratory” and the “National and Local Joint Liquid Flow Energy Storage Battery Technology Engineering Research Center”. Its R&D results have won the National Technological Invention Award. It is the leading setting unit for domestic and foreign standards in this field, and has taken the lead in undertaking many major national scientific and technological research tasks.