Company Overview - ZOOZ Power Ltd. is a leading provider of flywheel-based power boosters and energy management systems aimed at enabling ultra-fast EV charging solutions [1][4] - The company has recently shipped its first power-boosting system, the ZOOZTER™-100, to China, marking a significant step in its market penetration [1][3] Market Context - China's electric vehicle (EV) market is experiencing rapid growth, with EVs accounting for nearly 50% of total car sales in 2024, indicating a strong demand for efficient charging solutions [2][9] - The Shanghai pilot installation of ZOOZ Power's technology will enhance the capabilities of Yixiaoju's charging station and facilitate market penetration of ZOOZ's flywheel-based technology in China [2] Strategic Importance - The collaboration with Yixiaoju Technology Co., Ltd., which operates within the Orange Charging network, provides ZOOZ Power access to China's largest charging network, which has over 115,000 fast chargers [1][2] - ZOOZ Power's technology is designed to support the expansion of ultra-fast charging networks while alleviating pressure on local electricity grids, thus addressing a critical need in the growing EV market [2][3] Technology and Innovation - ZOOZ Power's flywheel-based technology allows for ultra-fast charging even in areas with limited grid capacity, eliminating the need for costly grid upgrades [3][5] - The company's solutions are built with sustainability in mind, aiming to improve utilization rates, efficiency, flexibility, and profitability for its customers and partners [6]
ZOOZ Power: Leading Charge Point Operator in China to install ZOOZ Power's Boosting System, Marking Strategic Entry into the World's Largest EV Market