On December 20, 2024, Shandong Hi-Speed Energy Development Co., Ltd. (SDHSED) and Duolun Technology signed a strategic cooperation framework agreement. The two parties will engage in deep cooperation in such areas as new energy and integrated energy services to jointly build an industrial ecosystem, thus achieving win-win development. The signing ceremony was attended by Ding Aihui (Secretary of the General Party Branch and Chairman of SDHSED), Zhu Rongpo (Committee Member of the General Party Branch and Deputy General Manager), Zhang Anqiang (Chairman of Duolun Technology) and Zheng Jian (General Manager of Shandong Duolun Vehicle Inspection Holdings Co., Ltd).

Strategic Signing Ceremony

Ding Aihui expressed his gratitude to the delegation of Duolun Technology for their visit and provided an overview of SDHSED’s efforts in the integration of transportation and energy development, as well as works in new energy, new materials and renewable resources. He stated that Duolun Technology is a leader in fields such as smart city construction and new energy in China, with advanced technological innovation and market scale advantages. The company is committed to providing efficient and high-quality comprehensive services to jointly build the industrial ecosystem. He believes that through the efforts of both parties, mutual benefits and win-win development will be achieved, and together they will create a brighter future.

Zhang Anqiang expressed his gratitude for the trust and support provided by SDHSED. He then shared insights into Duolun Technology’s innovative developments in smart cities, smart vehicle administration, new energy vehicle testing, electric vehicle charging stations and energy storage, as well as its practices in digital applications in Shandong Province. He emphasized that ensuring the safe operation of new energy vehicles and promoting the development of the new energy vehicle inspection industry are the priorities for the company’s current R&D efforts in the new energy sector. He highlighted that the integration of charging and inspection with innovative technology will become the key breakthrough and difference for new energy business. Duolun Technology will seize this cooperation opportunity, leveraging the strong support from Shandong Hi-Speed Group, to utilize its industry chain advantages and digital capabilities, focusing on the integration of transportation and green energy. This will contribute to SDHSED’s efforts in supporting the national strategies of “carbon peak and carbon neutrality” and promoting the development and ecosystem construction of the digital energy industry in Shandong.

Moving forward, both parties will leverage their strengths in technology, experience and platforms to explore cooperation in new energy vehicle charging, battery testing, establishing and improving standardized battery testing operations, and formulating industry standards. Relying on highway application scenarios, they together will promote the construction of multi-functional stations for solar storage, charging, use and inspection, advancing the integration of transportation and renewable energy and creating green energy transportation corridors. Both parties have expressed their commitment to long-term cooperation in the new energy sector, aiming to enhance the value of their core business and resource sharing.

Duolun Technology has established a solid foundation for cooperation across various business fields in Shandong. The signing of this strategic agreement marks the beginning of a new phase of collaboration. Looking toward a digital and intelligent future, Duolun Technology will explore the integration of digital intelligence technologies with the development of urban, transportation and energy technologies, bolstering the implementation of digital solutions in more segmented scenarios and contributing solutions to Chinese dual carbon goals and its vision of becoming a country with strong transportation network.

Shandong Hi-Speed Group (SDHS) is a state-owned capital investment company and also a Fortune Global 500 company with a registered capital of CNY 92.2 billion and total assets of over CNY 1.5 trillion. Enhancing its core strengths in infrastructure development, SDHS is committed to becoming a world-class comprehensive infrastructure service provider with global competitiveness and providing powerful support for making Shandong a province with a strong transportation network.

SDHSED is a wholly-owned subsidiary of SDHS, with a registered capital of CNY 3 billion. It is one of the first pilot enterprises for the construction of green, low-carbon, and high-quality development demonstration zones in Shandong Province, and serves as the main force in SDHS’ emerging industrial development. SDHSED implements the national “carbon peak and neutrality” strategies, takes on the responsibility of green and low-carbon development and focuses on the integration of transportation and energy development. Its main businesses include the development and utilization of new energy, new materials, renewable resources and high-end green chemicals. The company strives to become a comprehensive service provider in the energy industry with prominent core business, industry influence and core competitiveness, ranking among the top in China.