On September 24, 2024, Leawat Power and Zhongrui Electronic officially signed the Strategic Cooperation Agreement. Both parties will conduct comprehensive cooperation with a pragmatic approach in the technology development and market promotion of 46mm cylindrical series energy storage batteries, as well as in business and commercial information resources.

Zhongrui Electronic is a developer, manufacturer, and distributor specializing in precision safety components for cylindrical lithium batteries, with its main products including combined caps for power-type and capacity-type lithium batteries. The company positions its products in the mid-to-high-end market and has established cooperative relationships with leading domestic and international lithium battery manufacturers and distributors, including LG Energy Solution, E-One Moli Energy Corporation, BAK Power, and Lishen Battery.