RELEASE: Hithium and Sun Valley Sign MOU to Forge New Strategic Partnership

(Information sent by the signatory company).

RELEASE: Hithium and Sun Valley Sign MOU to Forge New Strategic Partnership

(Information sent by the signatory company)

SYDNEY, Dec. 12, 2022 /PRNewswire/ -- Xiamen Hithium Energy Storage Technology Co., Ltd ("Hithium") and Sun Valley HK Group ("Sun Valley") have signed a Memorandum of Understanding (MOU) for strategic cooperation in the energy storage business in Australia.

The MOU was signed by Hong Chen, Managing Director of Hithium, and He, Chairman of Sun Valley at Sydney's iconic 5-star Sheraton Hyde Park hotel. The MOU signing ceremony was witnessed by Peter Hodge, Founder of BDO (one of the top 5 accounting firms in the world), Thomas Lee, Senior Partner at BDO, and Er, Managing Director of Sheraton Hyde Park. Under the agreement, Hithium and Sun Valley intend to explore various forms of cooperation on 8 solar farm projects under construction totaling about 200MW/400MWh and upcoming 400MW/800MWh projects under planning.

Sun Valley HK Group is one of the leading developers of solar parks and is highly committed to seeking innovative opportunities for solar and energy storage projects around the world. With the signing of the Memorandum of Understanding with Hithium, both parties will have a diversified and deep cooperation space in the field of energy storage.

As the demand for renewable energy in Australia increases, energy storage continues to play an essential role in the energy sector. Hithium views Australia as an important market. This deep cooperation is intended to jointly build safer and more sustainable energy storage projects in Australia and achieve a net zero environment. Based on this MOU, Hithium will make full use of its ability to innovate and deliver more energy storage projects in the near future.

By leveraging Hithium's cutting-edge energy storage products, Sun Valley solar projects will reach new heights in terms of energy storage safety and sustainability. The cooperation will also enable Hithium to enhance its global presence, especially in the Australian market, and promote the application of its advanced energy storage technologies.

About Hithium

Hithium focuses on energy storage. Hithium is specialized in R&D, production and sales of LFP batteries and energy storage systems. With a strong customer orientation, Hithium is committed to providing safe, efficient, clean and sustainable energy storage solutions to the world. Today, Hithium has more than 4,400 employees worldwide, including more than 1,000 R&D engineers with extensive experience in energy storage. Hithium plans a total investment of 4,710 million dollars and 1,400,000 m2 of factory space to reach a production capacity of 135 GWh of energy storage batteries in 2025. More information at: https://www.hithium. eat/

CONTACTO: Xinping Zeng,

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