According to the Zhitong Financial News APP, China and Switzerland Co., Ltd. (301587.SZ) announced that on September 24, 2024, the company signed a strategic cooperation agreement with Yantai Lihua Power Technology Co., Ltd. ("Lihua Power"), and both parties will carry out comprehensive cooperation with a pragmatic attitude in the field of 46 cylindrical series energy storage battery technology development and market promotion, business, and business information resources.

It is reported that Lihua Power was established in March 2023, mainly engaged in the research and manufacturing of large cylindrical batteries for energy storage with high energy density, long cycle life, high rate performance, and ultimate safety. The products are widely used in applications such as wind-solar energy storage, industrial and commercial energy storage, household energy storage, small power, and new energy autos.