Under an agreement, the two partners will jointly develop eighteen 5,400 dwt battery-powered bulk carriers for Shanghai Hanshun Shipping. EVE Energy will provide battery system solutions for the ship owner. It is expected that the operation costs of these river-ocean going bulk carriers will be 30% lower than the same type of the ships.
Shanghai Hanshun Shipping, established in May this year, with businesses in shipping services, ship technology development, ship leasing and ship equipment maintenance.
The co-operation agreement is for a period of three years and options for another three years.
Huizhou EVE Energy was established in 2001 and focuses on lithium battery innovation and manufacturing. The company has already provided battery sets for over 100 alternative energy-powered ships.