ZOOZ Power: Leading Charge Point Operator in China to install ZOOZ Power’s Boosting System, Marking Strategic Entry into the World’s Largest EV Market
ZOOZ Power (Nasdaq: ZOOZ) has announced its strategic entry into the Chinese market with the shipment of its first ZOOZTER™-100 power-boosting system. The system will be installed at a site developed by Yixiaoju Technology Co., , which operates within the Orange Charging network - China's largest charging network with over 115,000 fast chargers.
The installation is being facilitated through a ZOOZ Power related party in China. Orange Charging, a sub-brand of DiDi's energy sector (market cap: $24.3 billion), represents a significant opportunity for ZOOZ's market expansion. The Shanghai pilot installation will showcase ZOOZ Power's flywheel-based power-boosting technology and Energy Management System in the Chinese market.
This strategic move comes as China's EV market experiences substantial growth, with EVs accounting for nearly 50% of total car sales in 2024. ZOOZ's technology enables ultra-fast charging in locations with grid capacity, eliminating the need for expensive grid upgrades.
ZOOZ Power (Nasdaq: ZOOZ) ha annunciato il suo ingresso strategico nel mercato cinese con la spedizione del suo primo sistema di potenziamento energetico ZOOZTER™-100. Il sistema sarà installato in un sito sviluppato da Yixiaoju Technology Co., che opera all'interno della rete Orange Charging - la più grande rete di ricarica della Cina con oltre 115.000 caricabatterie rapidi.
L'installazione è facilitata attraverso una parte correlata di ZOOZ Power in Cina. Orange Charging, un sotto-brand del settore energetico di DiDi (capitalizzazione di mercato: 24,3 miliardi di dollari), rappresenta un'opportunità significativa per l'espansione del mercato di ZOOZ. L'installazione pilota a Shanghai metterà in mostra la tecnologia di potenziamento energetico basata su volano di ZOOZ Power e il Sistema di Gestione Energetica nel mercato cinese.
Questa mossa strategica arriva mentre il mercato dei veicoli elettrici (EV) in Cina sta vivendo una crescita sostanziale, con gli EV che rappresentano quasi il 50% delle vendite totali di auto nel 2024. La tecnologia di ZOOZ consente ricariche ultra-rapide in luoghi con capacità di rete, eliminando la necessità di costosi aggiornamenti della rete.
ZOOZ Power (Nasdaq: ZOOZ) ha anunciado su entrada estratégica en el mercado chino con el envío de su primer sistema de potenciación de energía ZOOZTER™-100. El sistema se instalará en un sitio desarrollado por Yixiaoju Technology Co., que opera dentro de la red Orange Charging - la red de carga más grande de China con más de 115,000 cargadores rápidos.
La instalación se está facilitando a través de una parte relacionada con ZOOZ Power en China. Orange Charging, una sub-marca del sector energético de DiDi (capitalización de mercado: 24.3 mil millones de dólares), representa una oportunidad significativa para la expansión de mercado de ZOOZ. La instalación piloto en Shanghái mostrará la tecnología de potenciación de energía basada en volante de ZOOZ Power y el Sistema de Gestión de Energía en el mercado chino.
Este movimiento estratégico llega en un momento en que el mercado de vehículos eléctricos (EV) en China experimenta un crecimiento sustancial, con los EV representando casi el 50% de las ventas totales de automóviles en 2024. La tecnología de ZOOZ permite una carga ultra-rápida en ubicaciones con capacidad de red, eliminando la necesidad de costosas actualizaciones de la red.
ZOOZ Power (Nasdaq: ZOOZ)는 첫 번째 ZOOZTER™-100 전력 증강 시스템의 배송을 통해 중국 시장에 전략적으로 진출한다고 발표했습니다. 이 시스템은 중국 최대의 충전 네트워크인 Orange Charging 네트워크 내에서 운영되는 Yixiaoju Technology Co.에 설치될 예정입니다. 이 네트워크에는 115,000개 이상의 고속 충전기가 있습니다.
설치는 중국 내 ZOOZ Power 관계자를 통해 진행되고 있습니다. DiDi의 에너지 부문(시가총액: 243억 달러)의 하위 브랜드인 Orange Charging은 ZOOZ의 시장 확장에 중요한 기회를 제공합니다. 상하이 파일럿 설치는 중국 시장에서 ZOOZ Power의 플라이휠 기반 전력 증강 기술과 에너지 관리 시스템을 선보일 것입니다.
이 전략적 움직임은 중국의 전기차(EV) 시장이 상당한 성장을 경험하고 있는 가운데 이루어졌으며, 2024년에는 EV가 전체 자동차 판매의 거의 50%를 차지할 것으로 예상됩니다. ZOOZ의 기술은 전력망 용량이 있는 장소에서 초고속 충전을 가능하게 하여 비싼 전력망 업그레이드의 필요성을 없애줍니다.
ZOOZ Power (Nasdaq: ZOOZ) a annoncé son entrée stratégique sur le marché chinois avec l'expédition de son premier système d'augmentation de puissance ZOOZTER™-100. Le système sera installé sur un site développé par Yixiaoju Technology Co., qui opère au sein du réseau Orange Charging - le plus grand réseau de recharge de Chine avec plus de 115 000 chargeurs rapides.
L'installation est facilitée par une partie liée à ZOOZ Power en Chine. Orange Charging, une sous-marque du secteur énergétique de DiDi (capitalisation boursière : 24,3 milliards de dollars), représente une opportunité significative pour l'expansion du marché de ZOOZ. L'installation pilote à Shanghai mettra en avant la technologie de renforcement de puissance basée sur volant de ZOOZ Power et le Système de Gestion de l'Énergie sur le marché chinois.
Ce mouvement stratégique intervient alors que le marché des véhicules électriques (EV) en Chine connaît une croissance substantielle, les EV représentant près de 50 % des ventes totales de voitures en 2024. La technologie de ZOOZ permet une recharge ultra-rapide dans des emplacements avec une capacité de réseau, éliminant ainsi le besoin de coûteuses mises à niveau du réseau.
ZOOZ Power (Nasdaq: ZOOZ) hat seinen strategischen Eintritt in den chinesischen Markt mit dem Versand seines ersten ZOOZTER™-100 Leistungserhöhungssystems angekündigt. Das System wird an einem Standort installiert, der von Yixiaoju Technology Co. entwickelt wurde, die innerhalb des Orange Charging Netzwerks tätig ist - Chinas größtem Lade-Netzwerk mit über 115.000 Schnellladegeräten.
Die Installation wird durch eine mit ZOOZ Power verbundene Partei in China erleichtert. Orange Charging, eine Submarke des Energiesektors von DiDi (Marktkapitalisierung: 24,3 Milliarden Dollar), stellt eine bedeutende Gelegenheit für die Markterweiterung von ZOOZ dar. Die Pilotinstallation in Shanghai wird die auf Schwungrädern basierende Leistungstechnologie von ZOOZ Power und das Energiemanagementsystem auf dem chinesischen Markt präsentieren.
Dieser strategische Schritt erfolgt, während der EV-Markt in China ein erhebliches Wachstum erlebt, wobei EVs im Jahr 2024 fast 50 % der gesamten Autoverkäufe ausmachen. Die Technologie von ZOOZ ermöglicht ultraschnelles Laden an Standorten mit Netzkapazität und beseitigt die Notwendigkeit teurer Netzaufrüstungen.
- First entry into China, the world's largest EV market
- Partnership with Orange Charging network (115,000+ fast chargers)
- Access to DiDi's ecosystem ($24.3B market cap)
- Expanding global presence beyond Europe and North America
- Initial deployment to single pilot installation
- Requires related party involvement for market entry
Insights
ZOOZ Power's entry into China represents a strategic expansion that could significantly alter the company's growth trajectory. With a market cap of just
This move positions ZOOZ to capitalize on China's EV market, where electric vehicles account for
What makes this development particularly notable is the market fit between ZOOZ's technology and China's infrastructure challenges. Their flywheel-based power boosters specifically address grid capacity constraints without requiring costly upgrades - a critical advantage in rapidly developing regions where electricity infrastructure struggles to match EV adoption rates.
While this first installation doesn't guarantee widespread adoption, it represents a important milestone in validating ZOOZ's technology in the world's largest EV market. For a microcap company like ZOOZ, geographic expansion of this magnitude could fundamentally transform its addressable market, especially if the technology resonates with China's ambitious electrification plans.
ZOOZ's flywheel-based power-boosting system addresses a critical bottleneck in China's EV charging infrastructure. While China leads global EV adoption, its electrical grid faces substantial challenges meeting the power demands of ultra-fast charging stations. The ZOOZTER™-100 offers a compelling technical solution by enabling high-power charging without requiring costly grid upgrades.
The partnership with Yixiaoju Technology within the Orange Charging network is particularly significant. As China's largest charging network with over 115,000 fast chargers, Orange Charging provides an ideal testing ground for ZOOZ's technology. The flywheel energy storage approach differs substantially from the battery-based solutions common in China, offering potential advantages in charging speed, efficiency, and environmental impact.
ZOOZ's energy management system could provide significant grid stabilization benefits as China continues its rapid EV transition. With EVs already accounting for
This Shanghai installation serves as both a technical and commercial validation point. If successful, it could establish ZOOZ's technology as a differentiated solution within China's competitive charging market. The key technical advantages to monitor will be reliability, maintenance requirements, and total cost of ownership compared to alternative grid-enhancement technologies.
Tel-Aviv, Israel, March 03, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (Nasdaq: ZOOZ, TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems for enabling ultra-fast EV charging solutions, announced today that it has shipped its first power-boosting system, the ZOOZTER™-100, to China. The commercial arrangements were made through a related party of ZOOZ Power in China. The site where ZOOZTER™-100 will be installed was developed by Yixiaoju Technology Co., Ltd, a company that operates numerous locations within the Orange Charging (Xiaoju) network. Orange Charging, a sub-brand of DiDi’s energy sector, is China’s largest charging network, operating over 115,000 fast chargers. As the foremost mobility services platform in China and a publicly traded company in the U.S. with a market cap of
China's electric vehicle (EV) market is experiencing unprecedented growth, with EVs accounting for nearly
"Shipping our first system to China is a significant step in ZOOZ Power’s penetration into the Chinese market," said Erez Zimerman, CEO of ZOOZ Power. "China is the undisputed leader in electric vehicle adoption and charging infrastructure, and we see tremendous potential for our technology in this market. We are thrilled to have an opportunity to demonstrate the benefits of our sustainable power-boosting solution to China’s top EV players. This is just the beginning of our journey in China, and we look forward to further opportunities to contribute to the country’s ambitious electrification goals."
ZOOZ Power’s innovative flywheel-based technology enables ultra-fast charging even in locations with limited grid capacity, eliminating the need for expensive grid upgrades and while maximizing charging station effectiveness. The company’s solution has already been deployed in multiple locations across Europe and North America, and this latest move signals its strategic focus on expanding into China’s rapidly growing EV market.
About ZOOZ Power
ZOOZ is the leading provider of Flywheel-based Power Boosting and Energy Management solutions, enabling the widespread deployment of ultra-fast charging infrastructure for electric vehicles (EVs) while overcoming existing grid limitations.
ZOOZ pioneers its unique flywheel-based power-boosting technology, enabling efficient utilization and power management of a power-limited grid at an EV charging site. Its Flywheel technology allows high-performance, reliable, and cost-effective ultra-fast charging infrastructure.
ZOOZ Power’s sustainable, power-boosting solutions are built with longevity and the environment in mind, helping its customers and partners accelerate the deployment of fast-charging infrastructure, thus facilitating improved utilization rates, better efficiency, greater flexibility, and faster revenues and profitability growth. ZOOZ is publicly traded on NASDAQ and TASE under the ticker ZOOZ
For more information, please visit: www.zoozpower.com/
Investor Contact:
Miri Segal – CEO
MS-IR LLC
msegal@ms-ir.com
Media enquiries:
Media@zoozpower.com
Forward-Looking Statement
This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations, and assumptions of ZOOZ Power. All statements other than statements of historical facts contained in this press release, including statements regarding ZOOZ Power, and any of ZOOZ Power’s strategy, future operations and statements related to the collaboration between ZOOZ Power and "ON” charging network (including any plans to implement ZOOZ Power’s solution and upgrade an additional site of “ON” on Route 6) are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause ZOOZ Power’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and other risks and uncertainties are more fully discussed in the “Risk Factors” section of ZOOZ’s most recent Annual Report on Form 20-F as filed with the U.S. Securities and Exchange Commission (“SEC”) as well as other documents that may be subsequently filed by the Company from time to time with the SEC. The words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements include, but are not limited to, statements relating to deployment of public ultra-fast charging infrastructure, the potential outcome of ZOOZ Power’s collaborations with third parties for installation of its flywheel-based power boosting solution, statements regarding the opportunity for ZOOZ Power to extend its presence in China, statements regarding growth in the Chinese market, statements regarding the expansion of ultra-fast charging networks and conditions in Israel and in the Middle East, including the effect of the evolving nature of the ongoing “Swords of Iron” war, may adversely affect ZOOZ Power’s operations. These forward-looking statements are only estimations, and ZOOZ Power may not actually achieve the plans, intentions or expectations disclosed in any forward-looking statements, so you should not place undue reliance on any forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements made in this Press Release. Management of ZOOZ Power has based these forward-looking statements largely on current expectations and projections about future events and trends that such persons believe may affect ZOOZ Power’s business, financial condition and operating results. Forward-looking statements contained in this Press Release are made as of the date hereof, and none of ZOOZ Power or any of its representatives or any other person undertakes any duty to update such information except as may be expressly required under applicable law.
1 https://www.asiafinancial.com/one-in-nearly-every-two-cars-sold-in-china-was-electric-in-2024
FAQ
What is the significance of ZOOZ Power's entry into the Chinese EV market?
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