Transimage announced in early January that its sub-subsidiary has entered into a cooperation agreement with Suzhou Debo New Energy. Under the agreement, Transimage will not only provide Debo with Na-ion batteries but also collaborate with Debo in the field of energy storage systems. Both parties will be consolidating their competitive advantages and resources to develop energy storage systems that feature Na-ion batteries and offer an exceptional cost-to-performance ratio.
With the agreement, Transimage will be the exclusive supplier for the Na-ion batteries equipped in the energy storage systems sold by Debo. Furthermore, Debo will procure at least 2GWh of Na-ion batteries from Transimage in 2023. However, this deal comes with two preconditions. First, Transimage will have to follow Debo’s guidance on technology and specifications. Second, both sides will have to mutually agree on contract terms that are still under negotiation.
Debo was established in 2014. It mainly involves in the development, manufacturing, and sales of battery packs and battery management systems that are equipped in electric cars (NEVs). Its offerings include NEV power battery packs, NEV power battery management systems, power distribution units, and other related components.
Transimage stated that the cooperation agreement with Debo fits into its development strategy for the medium to long term. Collaborating with Debo will contribute to the growth of Transimage’s Na-ion battery business and thus be beneficial to Transimage’s shareholders.
Just a few weeks ago on December 27, 2022, Transimage disclosed that the same sub-subsidiary had inked a similar deal with Zhongxiang Aviation Industry. Together, they will be developing Na-ion batteries for powering electric specialty vehicles that support the civilian aviation industry. Zhongxiang is adopting Na-ion battery because this electrochemical energy storage technology has the potential to offer a much better cost-to-performance ratio compared with Li-ion battery.
The agreement also guarantees that Transimage will be the exclusive supplier for Na-ion batteries used in the products sold by Zhongxiang. Additionally, Zhongxiang will procure at least 1.3GWh of battery cells from Transimage or another specifically assigned supplier in 2023.
A holding subsidiary of Air China and partially owned by investors in the private sector, Zhongxiang specializes in aviation safety solutions. It develops, transfers, and promotes technologies related to safety and communication systems. Besides providing hardware (e.g., parts and equipment), Zhongxiang also offers supporting services.
This article is a translation of a Chinese article posted by TrendForce. It contains information that is either sourced from other news outlets or accessible in the public domain. Some Chinese names are transcribed into English using Hanyu Pinyin.