A China–South Korea joint venture energy storage project was recently signed and will be established in Jintan Hua Luogeng High-Tech Industrial Development Zone, adding fresh momentum to the zone’s power battery and energy storage industry.

The project is jointly developed by Huizhou Juchuang New Energy Co., Ltd. and South Korea’s Segwang Munhwa Co., Ltd., with a planned total investment of US$5 million. It will be located in the International Cooperation Industrial Park within the Hua Luogeng High-Tech Zone, with products covering residential energy storage systems, uninterruptible power supply (UPS) systems and light-duty power batteries.

By combining China’s strengths in battery materials supply, precision manufacturing and a complete industrial chain with South Korea’s advantages in branding, market access and global business development, the joint venture aims to deliver customized battery system solutions that are high-performance, high-safety and cost-efficient for global customers. To date, the project has secured orders worth more than 80 million yuan.

Since its launch earlier this year, the International Cooperation Industrial Park of the Hua Luogeng High-Tech Zone has focused on high-end equipment manufacturing segments such as industrial fluid control systems and energy storage equipment, and has successfully attracted eight investment projects from countries including Italy and Sweden.

Going forward, the Hua Luogeng High-Tech Zone will continue to leverage international cooperation resources to better align with strategic emerging industries such as high-end equipment manufacturing and green, low-carbon development. It will also regularly host international industry matchmaking events and project roadshows, with the aim of building a top-tier international cooperation industrial park characterized by strong industrial clustering, high-quality services and efficient collaboration.

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