On June 23, 2025, New Energy Holdings officially signed a cooperation agreement with BYD's high-end brand DENZA in Beijing, and New Energy Holdings will become the "exclusive agent" of DENZA in the Azerbaijan market, which is another new cooperative agent for our company. This cooperation marks the deep synergy of China's leading new energy enterprises in the overseas market, and the two sides will jointly develop the high-end new energy automobile market in the Caucasus region.
Partner: Tengsei Automobile--China's Luxury New Energy Benchmark
As a joint venture between BYD and Mercedes-Benz to create a high-end new energy brand, Tengsei Automobile has become a leading brand in China's luxury electric vehicle market with its unique advantages of "German quality + Chinese manufacturing":
- Leading Technology: Equipped with BYD Blade Battery and ePlatform 3.0 Technology
- Product matrix: covering luxury MPVs, SUVs and other flagship models
- Global layout: has entered many high-end markets in Europe, Southeast Asia, etc.

This time, we chose Sunnen Holdings as the exclusive agent in Azerbaijan, precisely because of its channel advantage and localized operation ability in overseas market.

New Energy Holding Strength Showcase: Why we can win the favor of Tengshi?
As a leading enterprise of Chinese new energy going overseas, New Energy Holdings has become a preferred partner of top international brands with the following core advantages:
1. Logistics and transportation services: we have an independent logistics system, relying on the global logistics network, can provide efficient and safe transportation services.
2. Overseas warehouse service: provide flexible warehousing and distribution services to reduce logistics costs and improve market response for customers.
3. Customs brokerage service: we are familiar with customs policies around the world to ensure smooth customs clearance of goods and avoid delays.
3. After-sales maintenance service: the company provides after-sales maintenance and technology for the global market.
4. Offline test drive service: Ensure that all vehicles undergo a comprehensive performance test and quality check before leaving the factory, in line with international standards
5. Independent research and development of overseas market big data analysis platform (soon to be online)
It provides one-stop digital services covering vehicle export, global logistics and fleet management. The platform will deeply integrate supply chain resources, realize the intelligence and automation of the whole process from production to delivery, and comprehensively improve operational efficiency and customer experience.

The cooperation with Tengshi is an important milestone in the premiumization strategy of New Energy Holdings. We will give full play to our operational experience in the Eurasian market to enable China's luxury new energy brand to shine on the world stage, and we believe this will be a win-win cooperation.