In January 3, 2018, Tianjin Lishen Battery Co (hereinafter referred to as "Li Shen battery") and Dongfeng Industrial Co., Ltd. (hereinafter referred to as "Dongfeng Industrial") signed the "Dongli Lishen power battery system project agreement". According to the agreement, both sides formed a joint venture with Dongfeng Lishen Power Battery Systems Co., the project is located in Hubei Shiyan economic and Technological Development Zone, the planning capacity of 3 billion kwh / year power battery system, mainly for the Dongfeng Group's new energy vehicle power battery system. In the power of God Co., deputy party secretary, general manager of the Tianjin Lishen Battery Co, general manager Zheng Hongyu, general manager of Dongfeng Motor Group Company Limited assistant, Dongfeng Industrial Company Chairman Luo Yuanhong, Shiyan municipal Party committee secretary Zhang Weiguo, deputy secretary of the municipal Party committee, mayor Chen Xinwu attended the signing ceremony.

Zheng Hongyu said that this project is an important move for China electric power to focus on the layout of the power battery sector, aiming to extend the industrial chain longitudinally, giving full play to the synergistic synergies between the upstream and downstream enterprises, and promoting the development of China's new energy industry. Li Shen battery will make full use of the existing resources and advantages, and work together with Dongfeng to seize the commanding heights of the new energy vehicle industry development, and jointly promote the transformation and upgrading of the automotive industry.

Project signing day, the newly established Dongfeng Lishen Power Battery Systems Co. Ltd. and Dongfeng Teqi (Shiyan) Special Vehicle Co. Ltd., Dongfeng Xiangyang Bus Co. Ltd. signed a strategic cooperation agreement.