TELD teams up with Greater Bay Technology, EEZI on charging network expansion

Shanghai (Gasgoo)- Chinese charging facility operator TELD recently signed strategic cooperation agreements with Greater Bay Technology (“GBT”) and the NEV startup EEZI respectively, aiming to speed up the deployment of its charging network, according to an announcement released by TGOOD, the parent company of TELD, on May 17.

TELD, GBT signing agreement; photo credit: GBT

Under the framework agreement signed with GBT, both parties intend to carry out strategic cooperation on the promotion of supercharging technology, and the construction and connectivity of supercharging infrastructure service network.

To be specific, TELD and GBT will jointly deploy no fewer than 300 supercharging stations in provinces like Guangdong and Hainan by the end of 2023, and expect to increase the number to 1,000 nationwide by 2025.

Founded in Sept. 2020, GBT is the first high-tech company incubated by GAC Group with private investors taking the controlling stake. It is dedicated to the R&D, production, sales, and services of XFC power batteries, and next-generation high-performance energy storage devices and systems.

On May 5, GBT announced it bagged nearly 1 billion yuan ($148.223 million) in the A funding round, which attracted such investors as Borun Capital, Nan Yue Fund, Tencent Investment, Canton Financial Investment, and Xidea.

Per the strategic cooperation agreement with EEZI, TELD will leverage its resource to help the startup build its own-branded charging facilities, while EEZI will make the vehicles operated in its sales regions use TELD’s charging piles in priority. Based on both parties’ advantages in vehicle products and charging network, they will build and deepen the strategic cooperation regarding NEV promotion.

Founded in last June, EEZI launched its first technology platform “EEZI STEP1.0” at the Auto Guangzhou 2021. Its first production model, the VC, was unveiled at the same time.

In February 2022, EEZI announced the completion of a Pre-A funding round. Proceeds from the financing would be used to achieve the volume production of the VC in 2022, and develop core technologies related to intelligence and customization.