WISER and Zhonhen Electric announced that they have entered into a strategic partnership agreement to jointly explore the global smart energy and electrification market.
As per the Agreement, the two parties will joint force to explore the massive growth opportunities in various verticals including ICT digital power, EV charging, smart energy, electrification and etc, to help Zhonhen expand its global footprints and build up a strong business network and presence in the international market.
The collaboration will initially be focused in Europe, where both parties see the significant growing trend and urgency towards energy transition and electrification in the region. In past decade, WISER have been dealing with many European technology companies as well as dynamic industrial investors in these industries, which would help Zhonhen outreach more identical ecosystem partners and accelerate its business expansion via the organic and/or non-organic growth.
Zhonhen International, a new off-shore entity will be incorporated jointly by WISER, focusing on the business creation for Zhonhen Electric in the international markets.
Zhonhen's 100,000sm mega-factory in Hangzhou, China
About Zhonhen Electric
Zhonhen Electric is a leading public listed company in the power electronics and smart energy industry in China. The Company was founded in 1996 in Hangzhou and have a mega-factory of 100,000 square meters, and four R&D centers as well as sales channels across China.
Zhonhen has a strong market position and a broad range of top-tier clients in China including such as State Grid, China Tower (and other major telecom operators), Alibaba, Tencent, Xpeng and etc. Zhonhen has 6 subsidiaries with more than 2000 employees, and in 2021 it generated a sales revenue around US$300 million from China market.
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Zhonhen Electric Ltd
Shen Pan, Head of International Business
WISER Group Holdings Ltd
Kevin Chen, Managing Director