On June 13, REAL ENERGY Technology (Lishui), (hereinafter referred to as “REAL ENERGY”), a subsidiary of KAYO, officially signed a contract with German Sun Venture on a light electric vehicle joint venture project in Jinyun, Zhejiang.

On the day of the signing ceremony, KAYO Chairman Dai Jigang, General Manager Dai Peng, and REAL ENERGY General Manager Chen Feng warmly welcomed German Sun Venture CEO Herbert Diess and Project Director He Sigang. Jinyun County Party Committee Deputy Secretary and County Mayor Wang Yi, county leaders Qiu Lin, Yang Changqing and other government representatives attended and witnessed this important moment.

As a well-known German transportation technology service provider, Sun Venture was founded by former Volkswagen Group CEO Dr. Herbert Diess. It focuses on the research and development of high-performance power systems and lightweight transportation vehicles. It has deep technical accumulation and rich international certification experience, especially in the fields of engine design and vehicle engineering development. It has an international leading advantage.

At present, the European light electric vehicle market is experiencing a rapid explosion, the penetration rate of green travel products such as electric scooters and micro electric vehicles continues to increase, and the reconstruction of the industrial chain and technological innovation are accelerating. Under this trend, REAL ENERGY and Sun Venture have joined forces to jointly establish a joint venture company to carry out in-depth cooperation around the design, procurement, manufacturing and export of light electric vehicle products, integrating the industrial chain advantages of China’s manufacturing with Germany’s advanced engineering technology and market resources to create a globally competitive light electric vehicle solution provider.

This cross-border cooperation is not only a deep integration of the industrial and technological advantages of China and Germany, but also a forward-looking layout for the future trend of green travel. As the concept of global sustainable travel continues to deepen, REAL ENERGY and Sun Venture will jointly accelerate the light electric vehicle industry to move towards a new stage of high-quality, global development with a more open vision and stronger innovation drive.