I think when a fortune 500 company plans something
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What is the relationship with Tsingshan Holding Group like for FoxESS?
As the world’s largest stainless steel company, Tsingshan Group is a great, visionary company. It has set up a full industrial chain for lithium-ion batteries, and FoxESS is an extended application of its battery business.
We have mature inverter and storage products and solutions, and with the support of lithium-ion batteries from Tsingshan, we are in a powerful position for cost control – so we have sharp competitiveness. Actually, we have been granted infinite support from Tsingshan for exploring markets and global expansion
And FoxESS has chosen SNPW for exploring markets and global expansion.
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Section 8 – Other Events
On May 17, 2022, Sun Pacific Power Corp., a subsidiary of Sun Pacific Holding Corp., (the “Company”) received certificate of authorization from FOXESS CO., LTD as their Official Major Distributor and Service Partner in the territory of “America” for their inverters and lithium batteries[/b].