Tengi Power appeared at the Malaysia (Sarawak) China Cooperation Forum to expand overseas markets!
2024 is the 50th anniversary of the establishment of diplomatic relations between China and Malaysia and the "China-Malaysia Friendship Year". In order to pragmatically promote cooperation in multiple fields between China and Malaysia and help Chinese companies expand their overseas markets, Zhengzhou Tengi Power Co., Ltd. went to Malaysia under the organization of Zhengzhou Overseas Friendship Association to participate in the Malaysia (Sarawak) China Cooperation Forum and the Friendship City Roundtable Meeting to discuss development and prosperity and achieve win-win cooperation between Malaysia and China.
Under the global background of energy transformation, the overseas energy storage market will further grow. With the continuous growth of energy demand, Southeast Asia has faced problems such as insufficient fossil energy resources, power supply gaps, and high electricity prices. For Southeast Asian countries, it is urgent to develop renewable energy to improve energy security and reduce carbon emissions. It can be foreseen that with the increase in the proportion of renewable energy access to the power grid, the demand for energy storage will also increase in order to ensure the stability of power supply and improve energy utilization. It is estimated that from 2020 to 2030, the cumulative increase in the ASEAN energy storage market will be close to 15GWh. In the next 3-5 years, the Southeast Asian market will definitely be one of the fastest growing markets in the world.
Tengi Power, founded in 2007, has been deeply involved in the industry for 17 years. It has established a business system integrating R&D, design, sales, and production in the energy storage business, and has formed industry-leading R&D and production capabilities for industrial and commercial energy storage products. With the continuous expansion of global trade, Tengi Power has been deploying overseas markets in recent years, especially in Africa, Europe and other countries with tight or unstable power and energy. Tengi Power industrial and commercial energy storage products rely on advanced technology and reliable quality to help local economic development and have achieved good responses in the market.
In the future, Tengi Power will further explore the diversification of its business, strengthen international cooperation, expand its overseas market layout, accelerate the realization of global green development, and contribute Tengi Power strength to enhance China-Malaysia trade cooperation!