Songli Group acquires MHB Power: creating a new win-win situation

2024-11-08

On June 1, 2024, Xiamen Songli Group Co., Ltd. (hereinafter referred to as "Songli Group”) officially announced the successful completion of the acquisition of Fujian MHB Power Co., Ltd. (hereinafter referred to as “MHB Power”). This strategic merger aims to give full play to the advantages of both companies in their respective fields, promote coordinated development, accelerate global market expansion, and drive high-quality business growth.

Founded in1992MHB Power is located in Anxi Economic and Technological Development Zone, Quanzhou City, Fujian Province. The company covers an area of 360 acres, with a total construction area of more than 300,000 square meters and nearly 2,000 employees. As a leading manufacturer in the domestic lead-acid battery plate industry, MHB Power is a high-tech enterprise integrating new energy product research and development, production, sales and service. Its product range includesSolar panels，Starting battery(Car and motorcycle batteries),Backup battery(general purpose, high power, long life, etc.)Energy Storage Batteries, andPower battery.The products are widely used in transportation, power storage, uninterruptible power supply (UPS) systems and renewable energy storage.

The acquisition will enhance the competitiveness of both companies in the new energy battery market. With the help of Songli Group's global operating experience and MHB Power's technical expertise, the two companies aim to expand their international business scope and enhance their brand influence. MHB Power will continue to invest in research and development, optimize production processes and improve its service system. This will ensure that the company always stays at the forefront of the industry while achieving a low-carbon society. "Only by embracing green development and promoting technological innovation can we maintain our leading position in an increasingly crowded market," a company representative emphasized. Looking ahead, the two companies will deepen resource sharing and technical cooperation, jointly develop globally competitive products and services, and provide excellent solutions to global customers. MHB-Factory-1

MHB Power plans to implement a number of strategic measures to further improve its production capacity and market competitiveness. The company will streamline production resources and processes, adopt fully automated robotic production lines, and significantly improve production efficiency and product quality.

also,MHB Power SupplyThe two parties will establish a national R&D center to integrate the technical advantages of both parties and enhance the technical content and innovation of products. With the help of MHB Power's mature channels in the energy storage battery market, the company will further expand its domestic and foreign market share and enhance its market influence. In addition, MHB Power will leverage the brand advantages of TCS and MHB, implement a differentiated brand development strategy, and better empower customers. As a leading company with the qualification to export lead-acid battery plates, MHB Power is committed to meeting customers' needs for lead-acid battery components and finished products and promoting cooperation between the two parties.

The completion of this acquisition is an important milestone in MHB Power's transformation and internationalization strategy. Songli Group and MHB Power will take this merger as an opportunity to jointly seize the huge opportunities in the global new energy market and create a new era of sustainable development.