Recently, Xiamen Kehua Hengsheng Power Energy Co., Ltd., a wholly-owned subsidiary of Kehua Tech (hereinafter referred to as “Kehua”), and Dongfang Electric International Corporation (hereinafter referred to as “Dongfang Electric”) signed a cooperation agreement to carry out cooperation in the fields of PV and energy storage, and work together to penetrate into the international market.

Kehua has a market presence in 100+ countries and regions around the world and providing local services in 30+ countries, including the United States, France, Poland, Australia, India, Vietnam, Indonesia, UAE, and Brazil, etc.

Kehua is the No.2 PCS Supplier in China (IHS Markit 2020) and No.9 PV Inverter Supplier in Asia (IHS Markit 2021). By the end of 2020, the company's global cumulative installed PV capacity has exceeded 18GW, and the global cumulative installed energy storage capacity has exceeded 1.1GW/3GWh. The overseas market has important strategic significance in the development blueprint of Kehua. In the future, it will continue to strengthen the strategic layout in the breadth and depth of the overseas market.

Dongfang Electric, a wholly-owned subsidiary of Dongfang Electric Co., Ltd., has long been committed to providing overall solutions for global infrastructure regarding energy, transportation, environmental protection, etc. The company is determined to become a first-class energy and electromechanical equipment system integrator, service provider and EPC.

At present, Dongfang Electric has footprints in nearly 80 countries and regions. It has repeatedly set a record for China's energy and transportation products export. Dongfang Electric has been selected as one of the world's largest international contractors by the US Engineering News-Record (ENR) Magazine for 25 consecutive years with its excellent international operating capabilities and rich experience in large-scale project management.

The two parties will share technical resources, customer resources and project resources in the field of cooperation, jointly develop projects and expand the market, so as to achieve complementary advantages and win-win cooperation.