NIU Signs Strategic Cooperation Agreement With Far East Battery
China – Recently, a strategic cooperation agreement has been signed between NIU and Far East Battery to mark a new milestone in the cooperation between the two.
Far East Battery is one of the earliest Chinese enterprises engaged in the research and development, production and sales of cylindrical lithium battery. Its shipments of cylindrical battery were number one in China, and it is among the top five enterprises in terms of installed capacity of cylindrical battery. It has provided battery supporting services for Dongfeng, Chery, Jiangling Motors and other enterprises. “Far East Battery” is one of the enterprises with 21700 battery cell production hardware facilities and complete quality management system.
Li Yan, Chairman and CEO of NIU Technologies, expressed his expectation for the prospect of cooperation between the two sides. In particular, Far East Battery has provided cylindrical lithium battery for ten thousand electric four-wheeled vehicles demonstrating all-round capability in 21,700 cylinders, soft case, high nickel ternary/lithium iron phosphate, modules and PACK, and BMS. This proves the product quality of Far East Battery, and opens a broader prospect for the cooperation between the two. It is expected to help NIU reach the sales target of one million lithium electric bicycles, bringing NIU’s safe, high-quality and intelligent products to thousands of households.