Zhejiang Chint Electrics announced that recently, Zhejiang Chint Electrics and the fully-owned subsidiary of China Southern Power Grid Energy Storage (referred to as 'China Southern Power Grid Energy Storage Company')---Guangzhou Qianzhongzhi Construction Management Co., Ltd. (referred to as 'Qianzhongzhi Company') held a strategic new business cooperation signing ceremony at Shanghai Zhejiang Chint Asia Vets Port. Both parties emphasized cooperation in strategic new emerging businesses, and will cooperate in innovative research and development and production of smart distribution boxes, research and application of 550kV vegetable oil transformers, cooperation in the use of hydrogen energy, integration services of photovoltaic component equipment, and other aspects, to establish a sound and perfect business exchange and cooperation mechanism, fully leverage the role of the industry-university-research-application mechanism, and jointly promote high-quality growth in the industry.