【True Insight Hong Kong Stock Market Trends】Deltrix, a subsidiary of Chi Feng Group (01710.HK), partners with CNPC to expand Chi Feng Group's new energy business in Kazakhstan.
$TRIO IND ELEC(01710.HK)'s wholly-owned subsidiary DELTRIX (Kazakhstan) LIMITED signed a comprehensive cooperation agreement with Sinooil (a refined oil terminal sales enterprise jointly established by China National Petroleum Corporation and local Kazakh companies) on June 21, 2024. The agreement will deploy charging piles, establish EV charging stations and related supporting facilities at all 143 self-operated gas stations of Sinooil across Kazakhstan. This cooperation marks another expansion of Deltrix Group's new energy business in Kazakhstan following their initial collaboration in February this year.
Location map of 143 gas stations where Deltrix cooperates with CNPC to operate EV charging stations across Kazakhstan
Deltrix Group is committed to the new energy industry. While increasing R&D investment in charging piles, it closely serves the trend of Chinese EV overseas expansion by rapidly deploying automotive service infrastructure.
In Kazakhstan, Deltrix Group not only provides charging services through EV stations but also expands service scope with in-store screen advertising, car rental and sales. It plans to fully integrate a multi-functional service system through its own APP platform in the future, leveraging partnerships with major brands to enhance overall performance.
Mr. Huang Siqi, Chairman of Deltrix Industrial Electronics Group Limited said: "Securing 143 landmark locations for charging station development in Kazakhstan represents a significant achievement for Deltrix. This provides an excellent foundation for the Group's development and services in this Central Asian region. While formulating detailed plans including strategic locations, construction timelines and budgets for each station, we will also develop marketing strategies to promote our comprehensive charging services and attract more users and partners. Starting with smart charging piles and related services, Deltrix will join the operational model of new energy business supply chain interconnected ecosystem. Combined with our self-designed smart screens and sales information systems, we will build smart e-commerce business, advertising broadcasting, and supply chain financial exchange services, while selling new energy equipment through the Deltrix platform."
Mr. Huang added: "Deltrix will expand from being an upstream manufacturer of charging piles and power products to downstream operations including charging stations and new energy supply chain interconnected ecosystem business. This represents a major breakthrough for Deltrix. I sincerely thank CNPC for their strong support, and the tremendous efforts of Deltrix's new energy business and logistics teams. This fulfills my commitment in the Chairman's address to lead Deltrix Group towards another milestone."
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