Shanghai, November 2, 2023 /PRNewswire/ -- On October 26, at the first "Carbon Day" hosted by Weijing Energy Storage Technology Co., Ltd., Weijing Energy Storage and Construction Bank Shanghai Branch signed a strategic cooperation agreement. Xu Xiaoyi, President of Huangpu Branch of Construction Bank Shanghai Branch, and Chen Shejun, co-founder of Weijing Energy Storage Technology Co., Ltd., signed the "Science and Technology Innovation Breakthrough, Manufacturing Master" strategic cooperation agreement on behalf of both parties. Zhou Tao, Deputy President of Construction Bank Shanghai Branch, and Ge Qun, co-founder and chairman of Weijing Energy Storage, witnessed the signing.
The intention of the Shanghai Branch of China Construction Bank to provide a comprehensive credit line of RMB 5 billion reflects the high recognition of Shanghai's financial institutions for the advanced technology and intelligent manufacturing capabilities of Veson Energy Storage's flow battery. This is the second time that Veson Energy Storage has received large-scale credit support from a financial institution, following the RMB 8 billion comprehensive financial support provided to Veson Energy Storage by the Shanghai Branch of Bank of China in June this year.
This credit from the Shanghai Branch of China Construction Bank will further help Weijing Energy Storage to continuously innovate liquid flow battery technology and accelerate industrial development, work together with the entire industry to strive for the goal of reducing the cost of energy storage to 0.2 yuan per kilowatt-hour, promote the realization of dual carbon goals, and create a future of endless prosperity for man and nature.
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