Recently, Zhejiang Qualtech Co., Ltd. (Qualtech) officially signed a strategic cooperation agreement with Linyi Lingong New Energy Technology Co., Ltd. (LGXN"), a subsidiary of Lingong Group. Zhang Weifeng, Chairman of Qualtech, and Chen Weitao, General Manager of Lingong New Energy, represented both parties in signing the agreement. Senior executives and relevant department heads from both sides attended and witnessed the signing ceremony.
This collaboration will be based on the highly aligned mission, vision, and resource advantages of both parties. It will focus on in-depth cooperation in core areas such as battery management systems (BMS), high-voltage distribution units (PDU), protection boards (PBMS), and energy storage system integration. The partnership aims to promote the large-scale application of new energy power and storage technologies across multiple dimensions and scenarios, contributing to the improvement of the new energy industry chain and supporting the green transition.
According to the agreement, both parties will fully leverage their respective technological and market strengths to achieve resource complementarity and collaborative innovation. Qualtech will utilize its core technologies in BMS and energy storage systems to provide LGXN with high-performance, high-reliability battery management and energy storage products, enhancing its product competitiveness and market responsiveness. LGXN, with its extensive experience in terminal application scenarios and customer resources, will collaborate with Qualtech to explore new energy power and storage markets, driving the implementation of more innovative solutions.
This cooperation aims to establish a long-term, stable, and mutually beneficial strategic partnership. Through continuous technological iteration and market expansion, both parties will jointly enhance their core competitiveness in the new energy sector, create greater value for customers, and inject new momentum into the industry's green and low-carbon transformation. Representatives from both companies expressed confidence in the prospects of the collaboration and stated that they will accelerate the implementation of specific cooperative projects, working together to contribute more to the development of the new energy industry.
About Lingong Group and LGXN:
Linyi Lingong Machinery Group (referred to as Lingong Group) is one of the top four leading groups in China's construction machinery industry. The group consists of multiple member companies, including Shandong Lingong Construction Machinery Co., Ltd., Lingong Heavy Machinery Co., Ltd., Linyi Lingong Intelligent Information Technology Co., Ltd., and Linyi Lingong New Energy Technology Co., Ltd. Its main products include loaders, excavators, road machinery, mining machinery, mining trucks, aerial work platforms, small construction machinery, and over 200 types of construction machinery products and components. It also provides intelligent manufacturing solutions such as smart warehouses, smart logistics, and smart production lines for manufacturing enterprises. Currently, the group has established multiple production bases and dozens of marketing and service offices worldwide, with operations spanning over 130 countries and regions.
LGXN is a wholly-owned subsidiary of Lingong Group. It primarily engages in the research, development, production, and sales of lithium-ion battery systems. Its products include high-voltage battery packs, low-voltage battery packs, and energy storage batteries, providing new energy power solutions for industries such as construction machinery, agricultural machinery, ships, aviation, road transportation, industrial park logistics, special vehicles, and low-speed vehicles. Currently, Lingong New Energy has established long-term strategic partnerships with leading battery companies such as CATL and CALB.
About Qualtech:
As a high-quality digital smart energy system full-stack solution provider, Qualtech specializes in the research, development, design, production, and sales of power BMS (for new energy vehicles and electric ships), energy storage 4S+C core products (BMS+EMS+PCS+TMS+Cloud), and smart lithium battery protection boards. It also offers integrated energy storage systems, integrated photovoltaic-storage-charging systems, smart energy management systems, and microgrid systems for various scenarios, providing comprehensive solutions and implementation services. The company possesses end-to-end service capabilities, from key components to integrated system solutions. With deep expertise in the new energy sector, Qualtech has a comprehensive layout across the three major industries of electronics (information electronics, power electronics, and intelligence). In the BMS segment, it is currently one of the leading companies in both the new energy vehicle BMS and energy storage BMS markets in China.