On April the 15th, Aucksun announced a strategic cooperation agreement between its subsidiary company, Tenpower and Super Soco. Super Soco is part of Xiaomi’s ecosystem company, according to market consensus, Super Soco has ordered four hundred thousand units of e-bike and e-scooter battery pack from Tenpower through 2019 to 2021, tallying up to 800 million RMB.
Tenpower is the first company in China to achieve mass production of cylindrical NCA battery cell. Since 2017, Tenpower’s products has already seen wide application in industries including micro-mobility, power tools, gardening tools etc. Tenpower has secured a high-quality stable supply of NCA materials through strategic partnership with the same suppliers as Samsung SDI, Sony etc.
Tenpower’s focus has always been in power tool, smart appliances, e-mobility, and internet of things. Tenpower’s overseas revenue has grown substantially, Tenpower’s cooperation with Honda has resulted in its latest e-motorbike model, which will hit the market by May. ‘we are in direct competition with the 1st tier Japanese and Korean manufacturers’ says Wang, Aucksun’s Assistant to General Manager, ‘so we must beat them in cost-effectiveness.