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V&T company and BYD reached a strategic cooperation

2020-07-23

On July 9, Shenzhen V&T Technologies Co., Ltd. (hereinafter referred to as "V&T") and Huizhou BYD Battery Co., Ltd. (hereinafter referred to as "BYD Battery") signed a strategic cooperation framework agreement. Ceremony has been held in Guangming District, Shenzhen.

 

Mr. Qiu Wenyuan, Chairman and General Manager of V&T, and Mr. He Long, Vice President of BYD Group and Chairman of BYD Battery, respectively signed cooperation agreements on behalf of both companies. Representatives of both parties attended and witnessed the signing of the agreement.


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Leaders and representatives of V&T and BYD attended the signing ceremony

 

According to the agreement, the two parties plan to carry out comprehensive and in-depth cooperation in the application and promotion of products such as motor controller units, integrated electronic control, power batteries, high-voltage DC relays, metalized film capacitors, and high-voltage DC fuses etc.

 

This powerful alliance aims to help both parties further improve overall operating efficiency and reduce operating costs, jointly create the most competitive products, realize the future market expansion strategies of both parties, create greater business value for both parties, and achieve mutual benefit and win-win results.

 

In recent years, V&T has actively carried out multi-mode strategic business cooperation with leading companies in the industry to create an industrial ecological pattern of complementary advantages and win-win cooperation within upstream and downstream industries.

 

Among them, in November 2019, the company signed a strategic cooperation framework agreement with BYD Microelectronics (predecessor of BYD Semiconductor); in May 2020, the company and BYD Semiconductor jointly established a "joint innovation laboratory"; In June 2020, the company's subsidiary Xinyu V&T invested RMB 25 million to participate in the equity investment of BYD Semiconductor. The above cooperation is conducive to the strategic extension of the company's core raw materials such as IGBT modules and wafers, SiC modules and wafers , And the company's electric vehicle motor controller and related products technology promotion and industrial layout.

 

This strategic cooperation between the V&T company and Huizhou BYD Battery marks a long-term and stable strategic cooperation relationship.

  

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Leaders and representatives of V&T and BYD attended the signing ceremony

 

In the future, V&T and BYD will strive for more in-depth and specific cooperation projects. Achieve supply chain optimization and complementarity, resource advantage stacking, also create an ecological win-win situation in industry chain. It continues to enhance the company's industry market competitiveness, in order to promote the continuous improvement of the technical level of China's new energy vehicle industry, promote the new energy vehicle industry harmony, health and rapid Contribute to development.

 

About Huizhou BYD Battery

BYD was founded in 1995. From the leased factory building in 1995 to the end of 2018, BYD has built more than 30 production bases and more than 40 branches in the world; It is a high-tech enterprise that crosses the four major industries of electronics, automobiles, new energy and rail transportation, also listed in Hong Kong and Shenzhen. Since 2015, BYD has been sales champion for four consecutive years in the world's new energy vehicle. BYD Parts and Components Factory (CPF) is a subsidiary of Huizhou BYD Battery Co., Ltd. In 2005, it began to form a group of professional R&D teams dedicated to the development of high-voltage relays and other products. In 2007, a relay-based R&D production line was formed. At the end of 2008, it was expanded to capacitors. In 2010, the business expanded again, forming a product supply chain with capacitors, relays, fuses, and ceramic covers. The products serve multiple fields such as electric vehicles, fuel vehicles, energy storage, photovoltaics, and charging piles.

 

In 2017, BYD's auto parts products increased its outreach, and BYD relays, capacitors, fuses, ceramic cover plates and other automotive components gradually expanded their market share. We uphold the concept of "technology is king, innovation-oriented", firmly advance the pace, and build a green dream with customers! Use technology innovation to satisfy people's yearning for a better life!

 

 For V&T ( Part of Electric Vehicle Motor Controller )

Founded in 2006, V&T is a well-known supplier of industrial automation control and new energy vehicle motor controllers, also a national high-tech enterprise. Headquartered in Shenzhen, it was successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market in 2016 (stock code: 300484).

 

The company has more than ten years of technology accumulation and rich industry application experience. It has established “Research Center of Guangdong New Energy Vehicle Drive and Control Engineering Technology”(provincial engineering center) and a post-doctoral innovation practice base. With two R & D centers in Shenzhen city and Wuxi city, It is based on independent technology research development and product innovation, keeping up with the world's advanced level. The main drive motor controller, auxiliary drive electronic control and all-in-one integrated electronic control, customized products series etc, realize the best matching of electric vehicle power system and vehicle system, also covers application requirements of commercial vehicles, passenger vehicles, special vehicles. They provide customers with excellent electric control system solutions for Battery electric vehicles, extended range vehicles, fuel cell vehicles to create more value.

 

The company enjoys high customer’s trust and industry reputation, and directly or indirectly serves dozens of well-known domestic new energy vehicle companies, such as FOTON, SUNWIN, DONG FENG, KING LONG, HIGER, SANY, ZOOMLION, GOLDEN DRAGON, ANKAI, XCMG MACHINERY, SKYWELL, CAMC, SHAANXI AUTOMOBILE etc.

 


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