Zhongke Sanhuan Forges Strategic Alliance with PanGu Power

Stock News04-09

Beijing Zhong Ke San Huan High-Tech Co.,Ltd. (000970.SZ) has announced the signing of a strategic cooperation framework agreement with Shanghai PanGu Power Technology Co., Ltd. The two companies will leverage their respective strengths to engage in a long-term strategic partnership focused on the development and supply of magnetic materials for axial flux motors. This collaboration aims to jointly develop ultra-high-end magnetic materials specifically for axial flux motors, establish a long-term and stable strategic procurement and supply relationship, and potentially form a joint venture based on R&D outcomes. The partnership is designed to achieve deep, full-chain cooperation spanning from material research and development to production manufacturing and industrial application, supporting national strategies for high-end manufacturing and green, low-carbon development. The signing of this framework agreement is expected to enhance the company's technical capabilities, secure downstream demand, broaden sales channels, and improve its overall competitiveness in the high-performance NdFeB research, development, and manufacturing sector, aligning with the company's development strategy and the interests of all shareholders.

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