Zeng Yuqun promotes the development of photovoltaic energy storage

Who is Zeng Yuqun?

That same year, a young man called Zeng Yuqun, also known as Robin Zeng, made his way from Fujian to southern China, to the bustling coastal city of Dongguan in southern Guangdong province near Hong Kong, which was embracing capitalism and openness to the world, despite the widespread crackdown on political speech.

Who is Cao Renxian & Zeng Yuqun?

On February 9, 2022, Cao Renxian, chairman of Sungrow, led a team to visit the headquarters of CATL and held a discussion with Zeng Yuqun, chairman of CATL. The two sides had in-depth exchanges on further strengthening global cooperation in new energy fields such as energy storage.

What did Zeng Yuqun say to Cao Renxian & Sungrow?

Zeng Yuqun extended his welcome to Cao Renxian and his delegation, thanked Sungrow for their trust and support, and looked forward to further expanding cooperation with Sungrow to jointly provide first-class solutions and services for global new energy applications.

Why did Zeng buy a CATL battery?

That drove demand for CATL batteries not just among Chinese EV makers but also among international firms trying to tap into the lucrative Chinese market. Buoyed by the subsidy, Zeng worked to raise money so the company could invest in its supply chain and pour cash into research and development.

Who is Xiang Zeng?

Zeng is a representative of the Chinese People’s Political Consultative Conference, an advisory body of party delegates and executives from the arts, business and legal worlds. Beijing has made energy storage systems a priority in China’s 14th five-year economic plan and they also play a key part in the nation’s green push.

Why did Zeng invest in Wood Mackenzie?

Buoyed by the subsidy, Zeng worked to raise money so the company could invest in its supply chain and pour cash into research and development. Between 2015 and 2017, CATL raised over $2 billion in equity financing before going public in June 2018, according to Kevin Shang, research analyst at Wood Mackenzie’s global energy storage team.