German Relatio signs exclusive distribution agreement with Chinese BYD
(SeeNews) – Nov 1, 2012 - German solar power firm Relatio said it will cooperate with Chinese battery and solar panel maker BYD Co Ltd (HKG:1211) and will be the future official exclusive importer of BYD’s lighting systems and energy storage products.
Representatives of the companies signed the distribution agreement in Relatio’s home city of Balingen, where BYD presented its new DESS storage system for the first time.
The Chinese company’s aim through the deal is to extend its European market presence.
In Germany BYD has been a partner of German carmaker Daimler (ETR:DAI) so far.
With more than 24,000 employees, BYD is one of the largest battery manufacturers worldwide.