Tuanche and Yangming New Energy Technology established strategic cooperation to develop battery and energy storage technology

Tuanche has established strategic cooperation with Yangming New Energy to develop battery and energy storage technologies.

Tuanche Co., Ltd. (“Tuanche” or the “Company”) (NASDAQ: TC), a leading integrated automotive market in China, recently signed a strategic cooperation agreement with Yang Ming New Energy Technology (“Yang Ming”) to expand its research capabilities in the field of electric vehicle batteries and strengthen the company’s supply chain capabilities.

Yang Ming is committed to developing safer, more efficient and more cost-effective technologies for electric vehicles and energy storage systems through supercapacitors and solid-state battery systems.

battery work

Yangming also cooperated with Xi’an Jiaotong University to establish the Yangming Jiaotong University Joint Research Institute of Supercapacitor Batteries and Solid State Battery Energy Storage in January 2021.

The shared vision of Tuanche and Yangming is to provide battery and energy storage technology to achieve leaps in performance and reliability, and jointly promote the development of ultra-safe solid-state batteries.

Yang Ming plans to complete the construction of 20 battery production lines by 2023, leveraging Tuanche’s established supply chain network and key players entering China’s growing electric vehicle market. Under the strategic cooperation agreement, the two companies will also collaborate on research projects in the fields of solar power systems and sodium-ion batteries.

gentlemen.Wei WenThe Chairman and CEO of Tuanche said:

The rapid development of the new energy vehicle market has led to an increasing demand for batteries and related technologies.

“Critical to the advancement of the automotive industry, ultra-safe, durable and adaptable batteries have recently become possible with the latest technological developments and material innovations, while the supply chain has not yet expanded to meet demand.”

“With our expertise in supply chain management and coordination and Yang Ming’s technical expertise in ultra-safe solid-state batteries, our close collaboration in developing and manufacturing high-quality, cutting-edge batteries will keep us at the forefront of industry development. Let us To be a trusted leader in the new energy field.”

Since its establishment in 2021, the Joint Research Institute of Supercapacitor Batteries and Solid State Batteries of Yangming Jiaotong University has made a number of technological breakthroughs.

Currently, the institute has the capacity to produce batteries with an energy density of 300Wh/kg and is expected to increase it to 350Wh/kg by the end of this year.

In addition, its battery samples passed the industry standard test GBT 31485-2015 “Safety Requirements and Test Methods for Traction Batteries for Electric Vehicles”, which established its performance safety under extrusion, puncture, extreme temperature and short circuit conditions. . Yangming’s supercapacitor battery has a voltage of 3.6v and an energy density of 160Wh/kg. It will be put into production at the end of this month.

About the group car

Founded in 2010, Tuanche Co., Ltd. (NASDAQ: TC) is a leading integrated automobile market in China. Tuanche provides services that connect car consumers with various industry players such as automakers, dealers and other car service providers.

Tuanche provides automobile marketing and transaction-related services by combining its online platform with offline sales activities. Through its integrated marketing solutions, Tuanche transforms individual and isolated car purchase transactions into large-scale collective purchases by creating a many-to-many interactive environment.

In addition, using its proprietary data analysis and advanced digital marketing system, Tuanche’s online marketing service platform helps industry clients improve the efficiency and effectiveness of advertising.

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Tuanche and Yangming New Energy establish strategic cooperation to jointly develop battery and energy storage technologies, Beijing, October 21, 2022

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