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Chinese power battery company Xiongtao Co., Ltd. plans to build advanced technology research institute with Wuhan University of Technology to do better and stronger hydrogen fuel cell industry

On July 30, Xiongtao shares (002733.SZ) issued an announcement saying that the company intends to sign the "Comprehensive Strategic Cooperation Framework Agreement" with Wuhan University of Technology. After friendly negotiations, the two parties decided to establish a comprehensive strategic cooperative partnership that is mutually beneficial and win-win, and reached consensus on cooperation issues.

The announcement shows that Wuhan University of Technology is the first batch of national key universities directly listed by the Ministry of Education and the first batch of universities listed in the National “Double First-Class Plan”. The three industries have leading scientific and technological and talent advantages.

The announcement shows that the main contents of the agreement are as follows:

1. The two parties cooperated to build the Advanced Technology Research Institute (tentatively named "Wuhan Institute of Technology Xiongtao Advanced Technology Research Institute", hereinafter referred to as "Research Institute"). The research institute is located in Xiongtao's industrialization base in Wuhan. Tao's Shenzhen office is listed. The two sides worked out the research direction of the institute's cooperative operation, as well as the heads of research in various fields, and designated technical docking personnel in the professional field.

2. The research institute relies on Wuhan University of Technology's State Key Laboratory of Advanced Materials Composite Technology, National Engineering Laboratory of Fiber Optic Sensing Technology, School of Materials Science and Engineering, School of Chemistry and Chemical Engineering, School of Automotive Engineering, School of Mechanical and Electrical Engineering, School of Automation, School of Economics Units such as the School of Management and the School of Management focus on systematic scientific research and research in areas such as the automotive, communications, power, and energy storage industries where Xiongtao is located, as well as energy storage batteries, fuel cells and lithium batteries, new energy vehicles, and intelligent control systems. New products development.

3. Both parties agree: during the validity of the agreement, based on the actual cooperation between the two parties, Xiongtao will provide Wuhan University of Technology with scientific research funding of at least RMB 10 million in the form of project cooperation. The specific amount and payment steps shall be based on Xiongtao's shares. The development situation, the progress and effects of the R & D project and other factors will be determined by the two parties through consultation. Generally, research projects are deployed from April to May every year, and the project R & D cycle is generally 1-2 years. The two parties timely industrialized the project research and development results and patents in the industrial base of Xiongtao.

4. Wuhan University of Technology provides high-level talent support for the development of Xiongtao Shares. Wuhan University of Technology has set up a postdoctoral workstation for Xiongtao Co., Ltd. The postdoctoral workstation is located in Xiongtao Co., Ltd.'s industrial base in Wuhan, and allows Xiongtao Co., Ltd. Shenzhen Office to be listed. Wuhan University of Technology recommends at least 100 doctoral, master, undergraduate and other talents to Xiongtao for work and internship at Xiongtao through different platforms such as postdoctoral workstations. Xiongtao provides for students who work at the Institute Better office and living conditions.

5. The two sides jointly build a new material and new energy automobile university student entrepreneurial park, and gradually build a batch of new materials and new energy automobiles emerging industries.

6. Wuhan Polytechnic University will train about 500 related management and technical backbones for Xiongtao Industrial Base in the next 5-10 years according to the demand of Xiongtao Stock.

Xiongtao shares said that the company and Wuhan University of Technology signed the "Comprehensive Strategic Cooperation Framework Agreement", which can give full play to the resource, capital and management advantages of both parties, further optimize the industrial structure, and accelerate the hydrogen fuel cell industry to become better and stronger. 

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