On July 25th, CM Energy (0206.HK) and VEICHI Electric (Stock Code: 688698) signed a strategic cooperation agreement to jointly develop business opportunities in hydrogen value chain. Mr. Zhan Huafeng, Director and Vice President of CM Energy, Mr. Huai Zengmin, Vice President of CM Energy, Mr. Hu Zhiyong, Chairman of VEICHI, Mr. Deng Xiong, Vice President of VEICHI and other leaders attended the signing ceremony.

VEICHI Electric, a company listed on the A-share Science and Technology Board, has always been focusing on electrical transmission and industrial control since its establishment, and is a high-tech enterprise engaged in the research and development, production and sales of industrial automation products in one. The company adheres to independent research and development and innovation, and has strong technical research and development and application strength in industrial control products. As of June 30, 2023, VEICHI has been authorized a total of 152 patents, including 38 invention patents. With R&D and production bases in Suzhou, Shenzhen and Xi'an and a wholly-owned subsidiary in India, the company has operations in many countries and regions, providing competitive, safe and reliable products and services to customers worldwide. At present, the company has a wide range of products, which are widely used in a variety of industries, such as new energy, marine, petrochemical, compressor, lifting, mining equipment, rail transportation and so on. 

As a subsidiary of China Merchants Industry Holding, CM Energy has been deeply engaged in the energy industry for nearly 30 years, and has rich industry experience and performance accumulation in energy equipment support, energy management services and green energy technology development. With the principle of complementary advantages, mutual benefits, mutual promotion and common development, both parties will give full play to their respective resource advantages in technology, specialty, brand, information, etc., focusing on hydrogen energy, new energy vessels and high-end energy equipment, cogeneration and other fields, and establish long-term, stable and win-win business relationships in product development, testing, research and consulting, and talent training, etc., so as to jointly explore and cultivate the development of hydrogen industry. 

Under the goal of carbon peak and carbon neutral, focusing on key core technology research to achieve localization substitution, and doing a good job in green transformation and development practice is the focus of market attention at present. CM Energy is committed to becoming a world-leading green energy technology company. Subsequently, the company will follow the direction of next wave of scientific and technological revolution and industrial revolution, actively respond to dual carbon goal of China Merchants Group. Taping on its own strengths, CM Energy will give full play to the synergistic advantages of the major shareholders, as well as the joint resources of multiple parties, strengthen independent research and development innovation, and around the market demand, and constantly explore the solution of energy innovation, to help development of high-end equipment manufacturing in an intelligent and green way.