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.
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