Central New Energy partners with Shanghai Microgrid for integrated charging infrastructure

Central New Energy Holding Group Limited has entered into a strategic cooperation agreement with Shanghai Microgrid Huilian New Energy Technology Co., Ltd. and its indirect wholly-owned subsidiary, Central Low Carbon New Energy Technology (Hong Kong) Limited. The agreement, effective August 26, 2025, aims to promote the construction and development of integrated photovoltaic, storage, and charging infrastructure. This partnership will leverage both parties' strengths in R&D, technology, and brand resources.

Under the agreement, Central Low Carbon (HK) will be responsible for designing integrated photovoltaic, storage, and charging technology and construction plans for charging stations, while also supplying equipment and technical support. Shanghai Microgrid will provide locations and sites for directly-operated charging stations, manage pre-construction planning, and invest in, construct, and operate these stations. The parties may also establish a joint venture for investment and operation of smart charging stations.

The cooperation framework, valid for 36 months, is expected to expand Central New Energy's business opportunities and enhance its financial performance by leveraging its experience in new energy projects. Shanghai Microgrid is primarily engaged in the construction, operation, and development of integrated photovoltaic, storage, and charging infrastructure in the People's Republic of China. Specific project details and financial terms will be subject to separate agreements.