China Tech Digest: CATL, Eaton To Cooperate On Digital Energy Storage Solutions; Ping An Builds Intelligent Agricultural Traceability Platform

CATL cooperates with Eaton on digital energy storage solutions

CATL and Eaton Power Quality have cooperated in energy storage systems, lithium battery module supply, energy storage project operation and new technologies. This strategy involves product research, market promotion, business models exploration and service response mechanisms. CATL will help Eaton improve its enterprise-level lithium battery power solutions. Eaton will provide efficient and energy-saving products and solutions for the smart manufacturing project of CATL.

Ping An builds intelligent agricultural product traceability platform

Ping An Insurance (Group) Company of China, Ltd. has built an intelligent quality traceability platform for agricultural products, relying on its IoT technology to monitor agricultural production bases, obtain information such as sunlight, water, fertilizer, temperature and humidity in the production environment, and provide real-time disaster warning, production process management, personnel management, important farming work monitoring and other functions. Local fruit farmers can use computers and mobile applications to visually and scientifically manage the planting and production processto improve product quality.

Huawei unveils smart solutions for energy, finance, transportation and manufacturing

Huawei Technologies has unveiled its 11 scenario-based solutions covering five major areas including government, energy, finance, transportation and manufacturing. In the energy sector, two major plans for smart power plants and smart gas stations are released to build a zero-carbon smart energy system; in the financial sector, a mobile payment platform schedule is released to build a fully connected and intelligent finance ecology; in transportation, Huawei releases the latest solutions for smart airport, smart air traffic control and integrated transportation; in the manufacturing field, it releases smart car enterprise solutions to improve industrial efficiency and experience.

Marching-Power raises RMB500 million in series C round of financing

Chinese power chip design company Marching-Power has raised more than RMB500 million in series C round of financing. This round was led by CDH Investments. BAIC Capital, Gaorong Capital, Cash Capital, Leaguer Capital, Walden International, Guiyang Venture Capital, V Fund and others also participated. Funds of the round will be mainly used to further strengthen R&D in new energy vehicles and photovoltaic products, and continue to expand production capacity.

Industrial drone company I-KINGTEC completes series B+ round

Chinese industrial-grade drone company I-KINGTEC has completed a RMB100 million series B+ round of financing, led by FG Venture, participated from Gopher Asset as well as existing investors China SME Development Fund and Bluerun Ventures. Proceeds will be used to increase product R&D, improve manufacturing supply chain and team expansion.

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