According to the official of Jianlong Group, on July 11, Beijing Jianlong Heavy Industry Group Co., Ltd. signed a strategic cooperation framework agreement with Chengde Municipal People's Government and Kunlun Wanwei Science and Technology Co., Ltd. Cui Wanfeng, Vice Mayor
of Chengde City, Wang Xueyuan, Vice President of Jianlong Group and General Manager of Chengde Jianlong, and Fang Han, CEO of Kunlun Wanwei Group, signed the agreement on behalf of all parties.
According to the agreement, the two sides will cooperate in high-purity vanadium, electrolyte, vanadium battery system integration and other projects to jointly develop the all-vanadium flow energy storage battery industry. Next, Chengde Jianlong will promote the construction of high-purity vanadium and electrolyte production projects, and provide supply guarantee for vanadium pentoxide required for the project.