Core Viewpoint - Xiamen New Energy Safety Technology Co., Ltd. (New Energy Safety) has signed a strategic cooperation agreement with Shenzhen Hailiang Technology Co., Ltd. (Hailiang Technology) to collaborate on commercial energy storage safety technology and transportation energy infrastructure, with a focus on delivering a 2GWh energy storage system over three years [1][2]. Group 1: Strategic Cooperation - New Energy Safety will deliver a 2GWh energy storage system to Hailiang Technology, capable of supporting charging needs for over 100,000 electric vehicles [1]. - The collaboration will leverage New Energy Safety's full-stack safety architecture and Hailiang's scenario-based solutions to explore advanced fields such as low-altitude economy and aerial transportation [1][2]. Group 2: Technological Advancements - New Energy Safety's self-developed battery cell technology features an ultra-long cycle life of over 15,000 cycles, allowing for 15 years of consistent performance under a wide temperature range of -20°C to 60°C [1][2]. - The sixth-generation AI-BMS system can monitor over 200 data points with a fault warning accuracy of 99.5%, enhancing safety in energy storage scenarios [2]. Group 3: Market Position and Product Offerings - New Energy Safety, a joint venture between ATL and CATL, focuses on the research, development, production, and sales of medium-sized batteries, covering electric bicycles, smart homes, and home energy storage [2][3]. - The company has established a presence in various energy storage markets, including residential, commercial, portable storage, and uninterruptible power supplies, with products serving major clients in the US, Japan, Germany, the EU, the UK, Australia, and China [2]. Group 4: Leadership and Future Plans - Zhu Yansong, a veteran in energy storage from CATL, has been appointed as the president of New Energy Safety's energy storage division, indicating a strong leadership transition [3]. - In 2024, New Energy Safety plans to expand into downstream system integration with the launch of two commercial energy storage systems, UniC C1 and UniC C5, which are designed to reduce operational costs by eliminating the need for liquid cooling and air conditioning [3]. Group 5: Product Innovations - New Energy Safety has entered the high-power product market with its Jumbo Power series of cylindrical batteries, receiving positive feedback from international clients in applications such as power tools and vacuum cleaners [4]. - The JP40 cylindrical lithium battery has achieved global mass production, while the JP30 small cylindrical 18650 lithium battery is set to launch in December 2024, catering to the demand for compact tools while enhancing performance and efficiency [5].