According to domestic media reports, China Railway Tower (00788.HK) said it had signed agreements with Huawei Digital Energy, BYD Freddy Battery, Baidu Smart Cloud, Postal savings Bank (01658.HK) and other companies.

Tower Energy, a subsidiary of iron tower, extends the power security capability of communication base stations to the society, providing diversified intelligent energy services such as power exchange and backup power of iron towers, enabling society and serving people's livelihood through resource sharing, committed to building new energy application service providers with core competitiveness.

At present, the power exchange function of the tower has been opened in 260 cities, more than 40, 000 power exchange stations have been deployed, the number of service users has exceeded 500000, the market share has exceeded 50%, and the average number of power changes per day has exceeded 1.2 million, making it the largest light electric vehicle power exchange operator in the country. In the future, professional-level comprehensive solutions for power security will be provided to the public.