Addentax Group launches strategic negotiations with xianglilai for advanced lithium battery integration in logistics and autonomous new energy vehicles.
Addentax Group Corp. (“Addentax” or the “Company”) (Nasdaq: ATXG), an integrated service provider focusing on garment manufacturing, logistics services, property management, and subleasing, has initiated preliminary discussions with Xianglilai Technology Co., Ltd (“Xianglilai”), a Chinese company involved in lithium battery research & development (“R&D”), manufacturing, and operations.
These discussions align with Addentax’s commitment to its recent venture with Auto City (Shenzhen) Autonomous Driving Co., Ltd. Dated on or around June 6, 2023, focused on artificial intelligence (“AI”) cloud-based Level 4 (“L4”) Autopilot R&D.
Xianglilai is recognized as an “Internet-of-Things + Internet + New Energy” technology company, with core activities encompassing lithium battery R&D, manufacturing, and operations. The company holds a substantial portfolio of over 100 patents within China and maintains strategic partnerships with industry leaders.
Through this potential collaboration, Addentax aims to enhance its logistics operations with advanced lithium battery technology, promoting sustainability and efficiency. Xianglilai’s battery sharing services, available in many major Chinese cities, ensure timely deliveries with fully charged batteries, aligning perfectly with the global trend toward sustainability.
Moreover, this potential partnership also complements Addentax’s commitment to advancing battery technology for autonomous new energy vehicles.
About Addentax Group Corp. Corp.
Addentax Group Corp. Corp. is an integrated service provider specializing in garment manufacturing, logistics services, and property management and subleasing. For more information about the Company, please visit the website: https://www.addentax.com/.
Addentax Group Corp. Launches Strategic Negotiations with Xianglilai for Advanced Lithium Battery Integration in Logistics and Autonomous New Energy Vehicles, SHENZHEN, China, September 5, 2023
