SHANGHAI, Dec. 1, 2021 /PRNewswire/ -- Molecular Data Inc.
(NASDAQ: MKD) has announced a joint venture (JV) with GY Energy
Tech (a company funded by several PRC Energy SOEs).
The JV will help diesel trucks to be replaced with more
efficient new energy trucks ("truck battery separation" mode). The
JV will involve constructions of stations to efficiently replace
batteries, battery replacement services, charging stations, and
logistics management platform.
The services rendered will not only cover the existing
chemical space, it will seek to serve various industries.
In the context of the "carbon emission peak, carbon neutrality"
target, this has driven all the municipality governments to achieve
this "double carbon" policy.
At the current juncture, high energy consumption and high
emission manufacturing enterprises are facing great pressure to
reduce carbon emissions. In order to achieve the low-carbon
environment, an efficient and clean transportation mode is
particularly critical.
As such, the imminent trend is to speed up the replacement of
traditional fuel trucks with new energy trucks.
According to the PRC's "double carbon" target, Hainan will become the first province to
prohibit the sale of fuel vehicles in 2030, which will bring new
development opportunities in the electrification of trucks.
Electric Trucks allows for a quick replacement of a discharged
battery with a fully fresh charged one, with the replacement
process typically taking less than 5 minutes.
What distinguishes this joint venture from others is the trucks'
batteries and the trucks can be separated, which makes it a more
effective pathway to electrify trucks. Such heavy duty trucks are
also lighter, and thus increases operational efficiency.
The JV's "truck battery separation" mode will not only
effectively reduce the cost of truck purchase, it also provides a
comprehensive solution for fuel trucks and typical electric trucks
in solving both their pain points, helping enterprises achieve the
goal of both cost-savings and efficiency increases. .
At present, the JV's "truck battery separation" mode can be used
in power plants, ports, steel mills, mining fields. Other areas
that can sustain independent business models include slags arising
from mining and infrastructural developments, and garbage removal.
All these will create sustainable prospects for the "truck battery
separation" mode in the long run.
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SOURCE Molecular Data Inc.