Tuesday, 28 June 2022, 18:00 HKT/SGT

HONG KONG, June 28, 2022 - (ACN Newswire) - On the afternoon of June 24, Argentine Time, Argentine President Alberto Fernandez met with Li Zhen, chairman of Gotion High-tech, and his delegation at the presidential residence in Olivos, he explicitly supported Chinese investment in Argentina, and praised Gotion High-tech's multiple industrial investments will promote the development of Argentina's new energy industry. The two sides also had friendly exchanges on the "Targets of Carbon Peak and Carbon Neutralization" strategy, the new energy vehicle industry, the Sustainable Transportation Act and the joint venture between Gotion High-tech and Corven, a well-known American auto parts manufacturer, to establish electric bus batteries and other topics.

Alberto Fernandez:
The friendship between China and Argentina goes back to ancient times. I attended the Beijing Winter Olympics this year and witnessed the unique Chinese winter Olympics moment. Not long ago, I also participated in the online communication of the BRICS Summit. China's "One Belt, One Road" strategy and "Targets of Carbon Peak and Carbon Neutralization" strategy have encouraged many Chinese enterprises to invest in Argentina, undertake photovoltaic power stations, hydropower DAMS and other new energy projects, and continue to promote them, it also brings opportunities for Argentina's development.

The world is already shifting to renewable energy. Argentina has made incentives for lithium, wind power, photovoltaic and other industries. The Development of Sustainable Transport Act, introduced last year, it aims to promote investment in electric vehicles, promote the electrification of transport and provide legal protection for investors in new energy.

We welcome Chinese investment in Argentina. Gotion High-tech's industrial investment activities in Argentina, cover the development, processing and battery products of lithium resources, which accelerates the development of local lithium resources and it will help the development and progress of Argentina's new energy industry.

Li Zhen:
Since the establishment of diplomatic ties between China and Argentina, leaders of the two countries have actively supported complementary advantages and economic cooperation between enterprises, especially the "Belt and Road" initiative. It provides strategic guidance, points out the direction and lays the foundation for inter-enterprise cooperation.

The third energy revolution with solar and wind power as the main body has come. To make full use of it, we must have energy storage technology. Gotion High-tech has been focusing on energy storage for 16 years. We plan to reach 300GWh battery production capacity in the world by 2025, which makes enterprises' demand for lithium resources more vigorous.

Argentina is the third-largest economy in Latin America, with a harmonious social system and orderly development of resources, it provides a good external environment for enterprises to invest in. We have partnered with Jujuy National Energy and Mining Company and we will work with Corven in Buenos Aires to develop downstream applications. In the next 100 years, new energy vehicles will certainly be a new engine for the world economy. Gotion is willing to work with visionary people in Argentina to jointly create a new era in the energy industry.

Daniel Scioli, Argentina's minister of Production and Development, Ariel Schale, The industry minister, and President Fernandez were accompanied by Cecilia Todesca, Minister of International Economic Relations, and Fernanda Avila, Minister of Mines, and communicated with the Gotion High-tech team on the development of the lithium industry.

Topic: Press release summary Sectors: Electronics, Energy, Alternatives
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