· AVIC Lithium and Naval Engineering University signed a strategic cooperation framework agreement

On October 13, 2017, Chengfei Integrated announced the announcement of a strategic cooperation framework agreement between the subsidiary AVIC Lithium Power (Luoyang) Co., Ltd. (hereinafter referred to as “China Aviation Lithium Battery”) and the Naval Engineering University (hereinafter referred to as “Haigong University”).
The announcement shows that AVIC Lithium and Naval Engineering University signed this agreement on the principle of “strategic cooperation, mutual benefit, resource sharing and common development”. The goal is to build a strategic partnership between schools and enterprises through mutual strategic cooperation, mutual development, and support the strategic goals of national defense science and technology development.
The specific cooperation methods are as follows: 1. According to the needs, the two parties sign a product cooperation development or purchase agreement. Both parties should give priority to purchasing or supplying the products, technologies and services required by the other party. 2. During the project development process, Party B participates in the research and development of the products. When the purchaser changes, Party A shall recommend Party B to obtain the qualified supplier qualification of the purchaser; 3. According to the cooperation needs of both parties, the two parties shall share the resource platform in key technologies and key processes.
It is understood that Haigong University is located at No. 717, Jiefang Avenue, Wuhan, and is affiliated to the Navy. It has 2 national key disciplines, 2 national key laboratories, 1 national research and development center, 7 postdoctoral research stations, 25 doctoral degree authorization points, 70 master degree authorization points, and 12 engineering master's authorization fields. 37 undergraduate majors. It has relatively advanced teaching, research facilities and equipment, and constitutes a scientific research and experimental and practical base for naval characteristics.
Haigong University has important military project resources, leading technology development strength, system product design, development, verification and other conditions, while AVIC Lithium has industry-leading product design, research and development, production, testing, quality assurance conditions and years of military product development. , production, security, supporting services experience, the two sides through the sharing of resources to build rapid development conditions.
The two sides can exchange information on the product fields they are engaged in, and can better grasp the industry environment, industry direction, and technical direction to promote common development.
It is worth mentioning that in 2016, AVIC Lithium Power and Haigong University had a transaction of RMB 32.48 million, accounting for 2.3% of AVIC's lithium battery business revenue. According to the business relationship between AVIC Lithium and Haigong University, Haigong University meets the company's requirements in terms of R&D capability and cost control, and has good performance capability.
Chengfei Integration said that after the signing of this agreement, the two parties will cooperate in depth and rely on their respective resources to achieve resource sharing, complementary advantages, mutual benefit and common development.
In the short term, the strategic cooperation agreement does not involve specific projects, and the signing of the agreement is not expected to have a significant impact on the company's 2017 annual operating results. In the long run, the strategic cooperation framework agreement is in line with the company's future development strategy, and has a positive impact on the company's future development, especially in the military industry market, and is conducive to consolidating the company's leading market position in the lithium battery military market. Reading volume: 2779Share to:

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