Kidztech Holdings Ltd. Enters Partnership with ShenZhen Xiang Xing Investment for Joint Venture in Energy Storage Development

Reuters07-22

Kidztech Holdings Ltd. Enters Partnership with ShenZhen Xiang Xing Investment for Joint Venture in Energy Storage Development

Kidztech Holdings Ltd. has announced a new partnership with ShenZhen Xiang Xing Investment Co., Ltd. The companies have signed a non-legally binding letter of intent to establish a joint venture company. The joint venture aims to develop a production line for energy storage equipment with an annual capacity of 1GWh, a production line for molten salt capable of producing 200,000 tonnes annually, and a hazardous chemical warehouse. This collaboration aligns with Kidztech's strategic expansion into the solar thermal power industry and molten salt energy storage technology, enhancing the company's innovation capabilities and sustainable growth potential. However, the agreement remains subject to further developments, and stakeholders are advised to remain cautious.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kidztech Holdings Ltd. published the original content used to generate this news brief on July 22, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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