Shanghai (ZXZC)- Guangzhou Greater Bay Technology Co., Ltd. (Greater Bay Technology), a Chinese supercharging technology developer, and Victpower Group recently signed a strategic cooperation agreement, Greater Bay Technology announced on Sept. 3 via its WeChat account.

Under the agreement, Victpower will procure battery cells from Greater Bay Technology for use in the production of battery swap modules for two-wheelers and related sectors. The partnership aims to align closely on the R&D, production, and service aspects of these modules to ensure high-quality products and efficient service delivery, ultimately offering superior solutions to the market.

Photo credit: Greater Bay Technology

In the energy storage domain, the two companies will explore emerging markets such as residential energy storage and portable power solutions. Leveraging Greater Bay Technology's technical expertise in battery cell production and Victpower's strengths in brand partnerships and market channels, the collaboration will focus on developing high-performance, high-quality energy storage products. This initiative is designed to meet the growing demand for home energy storage and outdoor power solutions, promote green living, and drive substantial growth for both companies.

Furthermore, the partnership will extend to the development of industrial products in robotics and small power applications.

Greater Bay Technology's President, Pei Feng, emphasized, “At Greater Bay Technology, we are committed to the R&D and application of new energy technologies, driving the transformation and upgrade of the global energy structure. We believe that Victpower’s technical capabilities and market insights will inject powerful momentum into our collaboration. Together, we will deeply engage in the sales of battery cell products, the development of energy storage solutions, and industrial support products in robotics and small power sectors, as we explore new ecosystems in the new energy industry.”