Baufar acquires a new energy company in Hangzhou to enter the household energy storage market

Hefei Baufar Power Technique Co., Ltd. (hereinafter referred to as Hefei Baufar ) entered the household energy storage market by acquiring high-quality assets of a new energy storage company in Hangzhou in October 2022 , and its products will directly face overseas markets.

The Hangzhou New Energy Company is a wholly-owned limited liability company in China of a foreign listed company registered in 2014 with a registered capital of 100 million yuan. The company is mainly engaged in the R&D and manufacturing integration of battery packs, energy storage systems, high and low voltage complete sets of electrical equipment. Focus on the development of safe, reliable, stable and efficient energy storage systems, and at the same time carry out technical consultation, service and transfer in the field of energy storage technology. Key application areas for system products include electric vehicles and energy storage. The new energy company has a vigorous team of outstanding talents, most of whom come from domestic and foreign first-class universities and leading companies in the battery industry, with many years of relevant work experience and rich practical experience.

Through this acquisition of high-quality assets, Hefei Baufar has completed the zero start of the new household energy storage track, which will help the company to expand from the construction machinery supporting market to the overseas user market. It is reported that this acquisition is another major decision based on the wholly-owned acquisition of a local photovoltaic new energy company in Hefei in 2021.The Hefei Local Photovoltaic New Energy Company is the general contractor who implements the whole process of design, procurement and construction of Hefei Photovoltaic EPC engineering construction project. At present, the business of the photovoltaic company has been carried out smoothly.

Hefei Baufar's vision is to help people build a self-sufficient new energy ecosystem by offering high-quality renewable energy products. We look forward to the joint efforts of colleagues in the industry to strengthen the standard construction of household energy storage products, and help the development of energy storage industry and the improvement of product manufacturing level. Develop a new pattern of portable energy storage industry, collaborative innovation, win-win! Jointly help the transformation and reform of the electric power industry!