In 2023, Sichuan Xingzhijiu Technology Co., Ltd. officially announced that it has successfully invested in Thailand's Nanowei Industrial Company Limited and holds 30% of its shares. This strategic cooperation aims to jointly develop new energy industry projects in Thailand and Southeast Asia, while expanding international bulk trade and international trade supply chains.
As a company dedicated to technological innovation and sustainable development, Xingjiu Technology has always been concerned about the trends of global energy transformation. Thailand's Nanowei Industrial Company Limited's outstanding performance and technological advantages in the field of new energy make it an ideal partner for long-standing technology.
Nanowei Industrial Company Limited is a shareholder consisting of current civil servants from the Bangkok Municipal Council and key management personnel from Thai listed companies. In order to fully promote the rapid implementation and implementation of EPC projects in Bangkok's sewage, drainage, waterlogging control, river regulation, comprehensive utilization of underground and above ground road traffic, and investment in new energy industry projects, the company was registered and established in Bangkok, Thailand in December 2022. The initial registered capital of 2 million Thai baht has been fully paid in.
In 2023, Nanowei will focus on the main development direction of Bangkok, Thailand - the new energy industry. Leveraging its abundant overseas funding advantages, it will collaborate with leading enterprises in China's new energy industry to accelerate the development of Thailand's new energy industry projects. Nanowei has purchased $25 million worth of new energy charging stations from China State Construction Engineering Corporation, which will be deployed throughout the administrative area of Bangkok, Thailand, to upgrade the new energy configuration of Bangkok and gain a considerable market share.
In the future, Nanowei will form a strategic cooperation with China Construction Technology Group to jointly create the Thai new energy charging equipment brand CM Fast Charging.
Nanowei has reached a strategic cooperation agreement with Xiamen Jinlong to complete the procurement of new energy electric vehicles. The first batch of 200 commercial buses will be procured, including airport vehicles, municipal vehicles, and civilian trucks. The total order amount exceeds $30 million. In the future, Chinese brand new energy vehicles will be seen everywhere in Thailand. In addition to commercial buses, large and medium-sized buses, trucks, service vehicles, logistics vehicles, refrigerated trucks, there are also special vehicles such as airport shuttle buses and ambulances. In the future, Nanowei will also provide aftermarket services for new energy vehicles in Thailand.
Nanowei also plans to purchase 144 lei (approximately 230000 square meters) of industrial land in the Rayong Industrial Park in Thailand to build a "New Energy 4.0 Smart Low Carbon Environmental Protection" industrial park, with an estimated total investment of about 100 million US dollars.
In addition, both sides also plan to focus on their rich overseas resource advantages and engage in deep cooperation in international bulk trade and international trade supply chain, building a more efficient and secure supply chain system to meet the growing market demand.
This cooperation marks the further expansion of Xingjiu Technology in the global market, and also demonstrates the company's strategic layout in the field of new energy and international trade. In the future, Xingjiu Technology will continue to uphold the concept of open cooperation, work hand in hand with global partners, and create a better future together.
