Dongguan, June 30, 2023 - The supplier conference hosted by Dongguan Lithium Valley Energy Co., Ltd. (hereinafter referred to as "Lithium Valley") was grandly held in Dongguan on June 30. The conference aimed to strengthen the cooperation between our company and suppliers and promote the development of the energy storage battery industry value chain.

The supplier conference gathered our excellent supplier representatives from all over the country to discuss industry trends, technological innovation, and market opportunities. The atmosphere at the conference was enthusiastic, and the representatives actively interacted and shared experiences and insights.

Huang Peiguo, director and general manager of Zongshen Power (001696.SZ), shared the strategic planning and development goals of Zongshen Power and several subsidiaries including Lithium Valley. He emphasized Zongshen Power's core strategy of steady progress, aiming to its leading position in the domestic market and enhance overall profitability. In addition, he also revealed's future development layout, namely the construction of the second curve business, including aviation power, high-end parts, and energy storage.

He stated that the company will go all out to strive to double its revenue in the next five years. This strategic goal shows Zongshen Power's ambition in technological innovation and market expansion, laying a solid foundation for the company's long-term sustainable development.

Mr. Gao Shaoheng, the general manager of Lithium Valley, stated in his speech that suppliers are important partners in the company's development and their support for the company's product quality and services is indispensable. He emphasized the company's commitment to sustainable development and the importance of cooperating with suppliers. At the same time, Mr. Gao also set the tone for the future development goals of Lithium Valley, proposing a sales target of 3 billion in 3 years. To achieve this goal, the company will continue to increase investment, expand market share, improve product innovation and quality, and expand partnerships.

At the meeting, Lithium Valley and its supplier partners jointly reviewed the delivery quality of each link in the value chain last year, fully affirming everyone's efforts and achievements over the past year. At the same time, the representatives actively looked forward to the future and further discussed how to strengthen cooperation proposing a number of practical and effective measures such as building/improving the quality organization structure, implementing key indicators for incoming inspection, and holding special abnormal exchange meetings, striving to further enhance the overall innovation ability and competitiveness of the industry.

The representatives also had in-depth exchanges on topics such as supply chain cooperation, quality management, and market marketing, and actively discussed cooperation plans and development opportunities. Through joint efforts, the company and suppliers will further strengthen cooperation and write a new chapter on the road to common development.

During the conference, we also led our supplier partners to visit the new factory of Lithium Valley, showing our latest energy storage battery products and solutions, including lithium battery energy storage systems, battery management systems, and energy management systems. These innovative technologies not only improve energy utilization efficiency but also provide users with more intelligent and convenient energy choices.

 As a leader in the energy storage battery industry, Lithium Valley will continue to be committed to technological innovation and excellent quality, providing users with reliable and efficient one-stop energy storage solutions. Through the joint efforts of all parties, we hope to build a perfect value chain system, achieve the goals of resource optimization allocation, collaborative innovation, and common development, and further promote the prosperity and growth of the energy storage industry.

About Lithium Valley 

Dongguan Lithium Valley Energy Co., Ltd., established in 2013, is affiliated to Zongshen Power (001696.SZ), focusing on home energy storage and commercial and industrial energy storage application scenarios, with the vision of "contributing Lithium Valley power to the world's green energy", providing customers with customized energy storage products and one-stop comprehensive energy storage supply solutions. The company is headquartered in Dongguan, with branches in Shenzhen, Wuhan, Nanjing, Germany, the United States, Hungary, and South Africa. The company's existing high and low voltage home energy storage product series and commercial and industrial energy storage systems and other related products have obtained CB, CE (EMC&LVD), UL1973, UL9540A, BIS, ISO9001, ISO14001, ISO14064 and ISO14067 and other international authoritative certifications.