BYD Energy Storage and Corvus Energy AS Sign Strategic Cooperation Agreement

On May 13, BYD Energy Storage and Corvus Energy AS held a signing ceremony for strategic cooperation at the CIBF exhibition in Shenzhen. Yin Xueqin, General Manager

of BYD Energy Storage and New Battery Division, Jiang Yufeng, Director of New Battery Product Line, and Dr. Lars Ole Valoen, Chief Technical Officer of Corvus Energy AS witnessed the ceremony; Wang Hongbo, Vice Director of BYD Energy Storage New Battery Product Line, and Geir Holberg, Vice President of Corvus Energy AS Procurement, signed the cooperation agreement on behalf of both sides. The purpose of this

agreement is to fully integrate the resources and technological advantages of both parties, establish a more comprehensive and in-depth strategic cooperative relationship in the field of maritime new energy, and both parties will make full efforts in technology coordination, resource sharing and market expansion . We will jointly promote the R & D, certification and large-scale landing of high-rate lithium iron phosphate marine battery systems and push them to the global market . As a benchmark enterprise of global maritime and port zero-emission solutions,

Corvus Energy AS has been deeply engaged in the field of marine batteries for many years, and has mature system design experience, global market channel resources and deep understanding of ship operation conditions. Its energy storage and fuel cell system product portfolio is suitable for all types of ships and is an important force to promote the electrification of the shipping industry.

BYD Energy Storage started in 2008, focusing on the technology research and development, promotion and application of energy storage systems and equipment, and has formed a complete industrial chain integrating the research and development, manufacturing, sales, service and recycling of energy storage products. Its business covers source-side energy storage, industrial and commercial energy storage, household energy storage, AIDC energy, new applications and other fields. In the field of new maritime energy, BYD's innovative solutions have been widely used in electric ships, industrial equipment, construction machinery and other scenarios, relying on its core technological advantages in the field of high safety and high rate lithium iron phosphate batteries . It is committed to providing safe, efficient and low-carbon integrated new energy solutions for global shipping customers, and using hard-core technology to help maritime decarbonization.

This strategic cooperation will inject new momentum into the green and low-carbon transformation and upgrading of the global shipping industry. The two sides will work together to promote the high-quality development of global decarbonization and help the shipping industry move towards a cleaner, more efficient and more sustainable future.