On July 12, 2024, Zhang Enyou, Chairman of Canaan Intelligent, accompanied by executives from Jiachen New Energy (a subsidiary of Canaan Intelligent's charging pile product line), went to Yinchuan, Ningxia to sign a "Strategic Cooperation Agreement" with State Grid Ningxia Electric Vehicle Service Co., Ltd. (hereinafter referred to as "Ningxia Electric Vehicle Company").

Ningxia Electric Vehicle Company is a professional joint venture of State Grid Corporation of China to develop electric vehicle charging infrastructure in the Ningxia region. Its business includes the construction, operation, and maintenance of electric vehicle charging infrastructure, the application and operation of provincial-level smart vehicle networking platforms, vehicle leasing, etc. Its business scope radiates throughout the Ningxia Hui Autonomous Region; Canaan Intelligent has been deeply involved in the power industry for over 20 years, providing fast deployment solutions for charging stations that meet customer needs. We offer ultra fast charging equipment and high-quality services that are highly protective, efficient, long-lasting, and user-friendly.

Based on the principles of complementary advantages and win-win cooperation, Canaan Intelligent and Ningxia Electric Vehicle Company have reached a strategic cooperation consensus on the construction and operation of charging piles in the Ningxia region, laying a solid foundation for comprehensive promotion in the future. Both parties will jointly promote the high-quality development of new energy electric vehicle charging infrastructure.

In the future, both parties will establish a mutually trusting and beneficial business partnership based on a common goal, fully leverage their respective market competitiveness and technological resources in the industry, strengthen communication and cooperation, support the sustainable development of related industries towards multi energy, green energy, energy conservation, and intelligence, and jointly contribute to the realization of the national dual carbon strategy!