On August 20th, Farasis Energy and Guangdong Greenway Technology Co., Ltd (hereinafter referred to as "Greenway") signed a strategic cooperation agreement. Both sides agreed to procure more than 3GWh by late 2025. The two parties will jointly develop Lithium-Ion pouch batteries with high energy density, performance and safety. This strategic agreement will help launch highly competitive products in the industry. Both parties will also strengthen mutual cooperation in R&D and increase the availability of high-speed electric motorcycles and energy storage batteries.
Farasis Energy will provide solutions for Greenway’s complete range of electric motorcycle products, strengthening its leading position in the industry. In the future, both parties will further reinforce their complementary strengths and accelerate product innovation.