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<a href="/company/li-auto">Li Auto</a> and Sunwoda’s battery arm SEVB will set up a joint venture (JV) with equal capital contributions. The company has already been registered with the Shanghai Administration for Market Regulation and, according to public records, will focus on producing and selling lithium-ion batteries for <a href="/industry/ev">electric vehicles</a>.
36Kr has learned that the entity, legally registered in Shandong, will be used to manufacture Li Auto’s self-developed batteries, which could be installed in vehicles as early as next year.
A source told 36Kr that Li Auto classifies its battery collaboration with <a href="/company/catl">Contemporary Amperex Technology</a> (CATL) as a co-development project. By contrast, its partnership with SEVB is regarded as a fully in-house initiative, since Li Auto leads the design of the product, processes, and materials.
Li Auto has assembled a battery R&amp;D team of more than 200 members. Industry insiders said president Ma Donghui closely tracks the project, reviewing progress roughly every two weeks. One source noted that the company is heavily focused on 5C ultrafast charging batteries, where it is deeply involved in chemistry, structural design, and battery management system (BMS) algorithms. “Li Auto and SEVB are pushing forward many battery R&amp;D projects. For almost every one, after calculating the costs with SEVB, Li Auto decides to invest without hesitation,” the source said.
Analysts suggest that setting up a JV with SEVB strengthens the legitimacy of Li Auto’s self-developed battery, which can now officially carry the company’s brand label.
Chairman and CEO Li Xiang has previously outlined three categories of supply chain collaboration:
<ul>
<li aria-level="1">Self-developed and self-produced: Fits the company’s values and strategy, with no mature supplier available. Examples include range extenders, electric drive systems, and smart components.</li>
<li aria-level="1">Self-developed and outsourced: Fits the company’s values and strategy, but mature suppliers exist and can sometimes deliver higher quality.</li>
<li aria-level="1">External procurement: Does not fit the company’s values or strategy, but the market is mature enough, such as with bumpers and mirrors.</li>
</ul>
The new JV falls into the first category. Li Auto has created similar entities for other core parts, such as Huixiang for electric drives and Sike Semiconductor for silicon carbide components.
Although batteries are widely adopted, they remain one of the most expensive components in an EV, accounting for 30–35% of total cost. As a result, they are central to any supply chain strategy.
On the same day, Li Auto also announced a five-year strategic cooperation agreement with CATL. For Li Auto, diversifying partnerships is part of a broader strategy: once a carmaker reaches sufficient scale, controlling costs and securing supply requires working with multiple battery partners.
<h3>Seeking control over pricing and customization</h3>
For Li Auto, joint ventures are a proven way to manage supply chains, a method long used by traditional automakers. The company has already applied this approach effectively, establishing Huixiang with Inovance Automotive for electric drive systems and Sike Semiconductor with Sanan Semiconductor for silicon carbide chips.
The new JV follows the same logic: it gives Li Auto a customized, stable battery supply while lowering supplier investment risks.
Automakers often require bespoke components to differentiate their products, and Li Auto is no exception. For example, Hesai Technology developed ATL LiDAR (light detection and ranging) specifically for the Li i8.
Since ultrafast charging is central to Li Auto’s fully electric models, its need for customized batteries is even greater than its need for specialized LiDAR. But convincing CATL to commit exclusive R&amp;D resources has proven difficult, as the supplier tends to spread new technologies across multiple clients to maximize returns. In this context, SEVB is the better partner for Li Auto’s customization strategy, helping the automaker cut procurement costs, diversify supply, and advance differentiated tech development.
whereRelatedArticle
<h3>How SEVB secures major clients</h3>
SEVB, originally a consumer battery manufacturer, later expanded into the EV battery market. According to its Hong Kong IPO prospectus, consumer batteries still generate more than half of its revenue.
Its formal partnership with Li Auto began in 2017. In 2022, Li Auto invested RMB 400 million (USD 56 million) in SEVB’s EV battery subsidiary, subscribing to RMB 204 million (USD 28.6 million) in shares. This gave Li Auto a 3.22% stake, making it both a customer and shareholder. Chen Hui, SEVB’s general manager of the division serving Li Auto, recalled that the automaker initially planned to invest RMB 200 million (USD 28 million), but CEO Li Xiang personally pushed to double the amount.
In 2023, SEVB set up a dedicated division for Li Auto with 1,300 employees. By June this year, that number had grown to 1,700. Li Auto also increased its procurement from SEVB to 30% of its battery supply.
Chen told 36Kr that SEVB integrated its manufacturing and inventory data into Li Auto’s Lianshan system by the end of 2023. This year, Li Auto’s vehicle data has been linked to SEVB’s systems, enabling the two companies to jointly develop a battery early-warning model.
This deepening integration paved the way for the JV. For SEVB, securing an alliance with a leading EV maker ensures stable demand. With equal ownership, it also shifts from being a supplier to a profit-sharing partner.
As of March, Li Auto contributed 5.8% of SEVB’s revenue, making it one of the company’s top five customers.
Currently, SEVB batteries are used in Li Auto’s L6, L7 Air, and L8 Air models. The upcoming i6 will source batteries from both SEVB and CATL. Following the JV, Li Auto may allocate more supply to SEVB, boosting shipments and improving margins in its EV battery business.
SEVB’s growth strategy in EV batteries combines competitive pricing with an ODM-style approach to secure large clients. Beyond Li Auto, it has formed JVs with Dongfeng Motor and Geely. According to 36Kr, it is also exploring similar partnerships with other automakers to capture a larger share of the expanding EV market.
KrASIA Connection features translated and adapted content that was originally published by 36Kr. This <a href="https://36kr.com/p/3474630528211335">article</a> was written by Fan Shuqi for 36Kr.

Li Auto enters battery production with SEVB joint venture

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After four extensions of the ban, TikTok’s fate in the US has become clearer.
On the evening of September 19, following a call between the leaders of China and the US, state broadcaster CCTV reported that China’s position on TikTok was unchanged: the government respects companies’ wishes, supports negotiations based on market rules, and welcomes solutions that comply with Chinese law while balancing all parties’ interests.
In the early hours of September 20, <a href="/company/bytedance">ByteDance</a> announced it would move forward in accordance with Chinese legal requirements, allowing TikTok’s US entity to continue serving American users.
The decision secures TikTok’s survival in the US, though uncertainty remains over what form the business will take and who will ultimately control it.
<h3>From Madrid talks to another Trump extension</h3>
TikTok’s path to this outcome began earlier in September. Trade delegations from China and the US met in Madrid on September 14 and 15, where both sides reached a preliminary framework agreement to resolve the issue through cooperation, reduce investment barriers, and strengthen economic ties.
Days later, on September 16, US President Donald Trump signed another executive order pushing the deadline to December 16, his fourth extension of the ban’s enforcement grace period.
TikTok’s US operations have faced repeated upheavals. On January 19, the day before Trump took office, the ban briefly came into effect, forcing TikTok and other ByteDance apps off US app stores. Within half a day, Trump was sworn in and immediately delayed the ban, giving TikTok a reprieve.
During that window, Trump repeatedly claimed multiple buyers were vying for TikTok. Earlier this year, he floated the idea of a joint venture in which the US would hold a 50% stake. On September 16, he told reporters that a deal had been reached with TikTok, adding that there’s “a group of very large companies that want to buy it.”
According to <a href="https://www.nytimes.com/2025/09/20/technology/white-house-tiktok-deal.html">The New York Times</a>, people familiar with the matter said ByteDance planned to spin off TikTok’s US operations into a new company. Some existing investors would retain stakes, while new US investors would be added, reducing Chinese ownership below 20%.
Two other sources said Oracle, which provides TikTok’s cloud services, was expected to invest, with private equity firm Silver Lake also in talks. Existing investors such as General Atlantic and Susquehanna International Group might transfer their holdings to the new entity.
A senior White House official dismissed speculation about the framework, saying that aside from official announcements, “any details about the TikTok deal are purely guesswork.”
<h3>Mixed reactions from merchants, users, and staff</h3>
For merchants, ownership questions are secondary, for the key is whether TikTok can keep operating. When reports of a framework deal surfaced on September 15, sellers welcomed it. Some US users, however, worried they could be forced onto a separate app.
In July, <a href="https://www.reuters.com/world/china/tiktok-prepares-us-app-with-its-own-algorithm-user-data-2025-07-09/">Reuters</a> reported that TikTok was preparing a US-only app with its own algorithm and data system, internally codenamed “M2.” Similar to how Douyin operates independently in China, the app would not appear in overseas app stores and would rely exclusively on US user data. ByteDance denied the report, with an employee telling 36Kr that the plan had effectively stalled.
Amid such uncertainty, employees also voiced unease. With TikTok’s US operations possibly changing hands, staff worried about layoffs and restructuring. Some reportedly joked that listing TikTok on their resume would be proof of resilience.
<h3>A blow to ByteDance’s global ambitions</h3>
If TikTok’s US business is sold, it would be a major setback for ByteDance. TikTok has long been central to the company’s growth, particularly in overseas markets.
By 2023, TikTok had become ByteDance’s main revenue driver. According to <a href="https://www.theinformation.com/articles/tiktok-americas-growth-surge">The Information</a>, in 2024, overseas revenue—led by TikTok—rose 63% year-on-year, even as ByteDance’s profit growth and margins slowed. The segment accounted for roughly one-quarter of the company’s total income.
The US has been the largest contributor. TikTok Shop’s US operations generated USD 8 billion in 2024, about one-quarter of its global e-commerce revenue. LatePost reported that TikTok’s e-commerce team set nearly 100% growth targets for 2025, with the US expected to lead, aiming for close to 200% growth.
Uncertainty over its US future has also pushed TikTok and TikTok Shop to expand aggressively in East Asia, Europe, and Latin America. These efforts are bearing fruit. On September 5, TikTok announced it had surpassed 200 million monthly active users in Europe, which is about one-third of the continent’s population. The figure represents an uptick from 175 million the previous year.
Earlier, during the third extension of the ban, 36Kr interviewed Nie Huihua, a professor at Renmin University’s School of Economics. He argued a full ban was unlikely and predicted TikTok would be forced to give up control or equity:
<blockquote>“They might cede actual control, like a trustee model, while keeping most of the shares. That way, both sides can save face.”</blockquote>
TikTok’s current trajectory appears to validate his assessment. Nie emphasized that Chinese companies expanding globally must manage business-to-government relations carefully, and that’s an observation that remains relevant today.
KrASIA Connection features translated and adapted content that was originally published by 36Kr. This <a href="https://36kr.com/p/3474510748686729">article</a> was written by Lan Jie for 36Kr.

TikTok wins US lifeline after months of uncertainty

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China’s industry follows a similar trajectory but differs in two key ways:
<ul>
<li aria-level="1">First, Japan enforces strict standards for raw materials, additives, and storage temperatures. Chilled products last only a few days to a week, while frozen items can be stored for months. China’s industry, by contrast, still depends heavily on restaurants and delivery services, with national standards still under development.</li>
<li aria-level="1">Second, cold chain logistics in China remain concentrated in coastal and major cities, limiting nationwide distribution. As a result, most pre-prepared food companies are small and regional.</li>
</ul>
Several listed companies have addressed the controversy.
Qianwei Yangchu told investors it recognizes the trust issues facing the industry and has adopted measures such as new quality management systems.
At a results conference, Weizhixiang chairman and general manager Xia Jing said the industry is growing rapidly but faces challenges including inconsistent standards, food safety, and regulatory gaps. He believes brand reputation will become the key factor in consumer choice once new standards are in place.
A Guolian Securities research report projected that China’s pre-prepared dish market could reach <a href="https://kuaixun.stcn.com/yb/202209/t20220908_4849922.html">RMB 674.9 billion (USD 94.5 billion) by 2030</a>, with a compound annual growth rate above 10% over the next decade.
As the industry expands, it seems likely that China’s dining landscape will undergo significant transformation.
KrASIA Connection features translated and adapted content that was originally published by 36Kr. This <a href="https://36kr.com/p/3468771399767682">article</a> was written by Xie Yunzi for 36Kr.

After feud with Luo Yonghao, Xibei yields to consumer pressure over pre-prepared food

Chinese corporate earnings have started to pick up, helped by growing exports to Southeast Asia and government efforts to spur consumer spending.
Net profits at mainland-listed companies rose 1% on the year in the January-June half, reaching RMB 1.6 trillion (USD 224 billion) for the first increase for this period in three years. It marked a turnaround from a full-year profit decline of more than 10% in 2024.
The total excludes financial companies. Nearly all of the roughly 5,300 companies compared had reported earnings by the end of August.
With exports to the US falling under pressure from the Trump administration's tariffs, Chinese industry saw notable growth in Southeast Asia.
Listed steel companies' profits more than doubled. Baoshan Iron &amp; Steel, part of top global steelmaker China Baowu Steel Group, posted a 7% gain, marking its first increase in four years for the January-June half.
Among machinery makers, Sany Heavy Industry logged a 46% profit increase on a 12% rise in international revenue from its core business.
Appliance makers benefited from Chinese government incentives for buyers of new products. The sector saw a roughly 13% increase in net profit, with Midea Group enjoying a 25% gain.
Profit jumped 33% at semiconductor companies, a faster pace than the 11% gain for the first half of 2024. The industry is undergoing a government-led effort to build up the domestic supply chain—an environment that favors such equipment makers as Naura Technology Group, which saw revenue grow 30% and profit rise 15%.
Contract chipmaker Semiconductor Manufacturing International Corporation (SMIC) logged profit growth of roughly 40%. Artificial intelligence chip designer Cambricon Technologies, hailed by some as China's answer to <a href="/company/nvidia">Nvidia</a>, swung to a profit.
"As China's leadership under [President] Xi Jinping continues to offer massive subsidies and tax breaks to advance homegrown chip production, this will provide earnings support" in the sector, said Naoki Tsukioka of Japan's Mizuho Research &amp; Technologies.
But many other sectors struggled in the first half—notably real estate, where 46 of 100 listed companies posted net losses. Leading homebuilder China Vanke's loss topped RMB 10 billion (USD 1.4 billion), while peer China Evergrande Group was delisted from the Stock Exchange of Hong Kong in late August.
No end is in sight to the country's real estate slump. Prices of new homes fell from the previous month in more than 80% of 70 major cities in July, according to the National Bureau of Statistics.
Solar panel makers including JinkoSolar and Longi Green Energy Technology suffered losses as an oversupply pushed down prices on their products.
Automakers emerged with a small profit decline despite government aid as price competition intensified. They face a similar production glut weighing on revenue. <a href="/company/gac">GAC Group</a> reported a net loss, while SAIC Motor and Great Wall Motor saw their profits fall. <a href="/industry/ev">Electric vehicle</a> market leader <a href="/company/byd">BYD's</a> profit growth slowed compared with a year earlier.
Listed companies' total first-half revenue was down from a year earlier in a sign of deflationary pressure. China's overall economic performance in H1 2025 shows that stimulus measures had some effect. But since July, indicators suggest a slowdown.
Economic growth in the second half will be in the mid-4% range, followed by growth of less than 4% in 2026, predicts Yusuke Miura of Japan's NLI Research Institute.
This article first appeared on <a href="https://asia.nikkei.com/business/business-trends/corporate-china-ekes-out-earnings-rebound-on-asian-exports-stimulus">Nikkei Asia</a>. It has been republished here as part of 36Kr’s ongoing partnership with <a href="https://www.kr-asia.com/nikkei-teams-up-with-36kr-in-asia-tech-news-coverage/">Nikkei</a>.

Corporate China ekes out earnings rebound on Asian exports, stimulus

Wang Kai, investment partner at Vision Plus Capital and former CTO of <a href="/company/li-auto">Li Auto</a>, has reportedly launched a startup in embodied intelligence. A senior executive responsible for assisted driving technology at a major automaker has also joined the project and is currently on leave from the company.
According to 36Kr, the startup has attracted strong investor interest. Within months of its founding, it secured about USD 50 million across two funding rounds. Vision Plus Capital led the first, while HongShan and Lanchi Ventures backed the second.
The team’s track record in <a href="/industry/ai">artificial intelligence</a> and large-scale engineering is seen as a key factor in drawing support, in addition to growing interest in <a href="/industry/embodied-intelligence">embodied intelligence</a>.
Wang joined Li Auto in September 2020 as CTO, where he oversaw R&amp;D and mass production of intelligent vehicle systems, covering electronic and electrical architecture, smart cockpits, autonomous driving, platform development, and real-time operating systems.
Before Li Auto, he spent eight years at Visteon, where he was the founding designer of DriveCore, the company’s assisted driving platform. He led five mass production projects spanning chips, algorithms, operating systems, and hardware architecture.
At Li Auto, Wang accelerated the rollout of assisted driving solutions, reaching mass production in just seven months. He left the company in early 2022 to become an investment partner at Vision Plus Capital, a role he continues to hold. In venture capital, however, such positions often function more as advisory roles rather than full-time operational posts.
The senior executive who joined him at the startup brings rare experience in end-to-end mass deployment, including work on vision-language-action (VLA) systems. Such expertise remains unusual among embodied intelligence ventures.
Beyond assisted driving, embodied intelligence has emerged as a key application area for AI, attracting talent from the autonomous driving sector and drawing significant funding.
In March, for example, Tars, another embodied intelligence startup, raised USD 120 million in an angel round just 50 days after its founding, representing the largest angel investment in the segment in China. Like Wang’s venture, Tars was founded by an executive with autonomous driving experience, Chen Yilun.
Automotives are often described as “robots without hands.” With autonomous driving and embodied intelligence closely aligned, carmakers such as <a href="/company/tesla">Tesla</a> and <a href="/company/xpeng">Xpeng</a> see the field as their next growth frontier. Many automotive executives are also choosing it as their path to entrepreneurship.
Before Wang, others, including Yu Yinan, a former vice president at Horizon Robotics, and Gao Jiyang, who previously led mass production R&amp;D at Momenta, had already launched startups in embodied intelligence.
Automakers are racing ahead in assisted driving technology. Huawei, for instance, has announced that its computing power investment in the field has reached 45 exaflops. Meanwhile, capital is pouring into embodied intelligence as well. Competition for top talent between the two segments is set to continue.
KrASIA Connection features translated and adapted content that was originally published by 36Kr. This <a href="https://36kr.com/p/3470785511036291">article</a> was written by Fan Shuqi for 36Kr.

Li Auto’s former CTO launches embodied intelligence startup with USD 50 million backing

Artificial Intelligence

Embodied Intelligence

… features translated and adapted content that was originally published by 36Kr. This <a href="https://36kr.com/p/3464455763137922">article</a> was written by Ding Mao for 36Kr.

Can Insta360 outpace DJI, or has the market already priced in its future?

Insta360

Drones

… place in the country.
An executive at a local PCB materials maker, meanwhile, told Nikkei that monthly salaries are soaring.
"We are seeing the salary for experienced factory production line managers double just over the past two to three years," the executive said. "Their salary was only about THB 40,000 (USD 1,240) a few years ago. Now there is a talent war and their salary can be THB 80,000–100,000 (USD 2,480–3,100) a month for experienced ones, and there are serious talent shortages for experienced ones."
A Chinese executive who works in automation tools for PCB making told Nikkei that personnel costs for production in Thailand are currently about three times higher than they would be in China if account efficiency and all incentives are taken into account. "It's not that easy to find enough people from China or Taiwan operations who are willing to relocate to Thailand, and the company needs to offer high incentives and subsidies to push this," the executive said.
Martin Leou, collaboration and business integration advisor to the Thailand Printed Circuit Board Association and an industry veteran with decades of experience in China and Taiwan, said that cultivating sufficient talent is the most critical challenge for Thailand to develop a competitive PCB industry. With government support, the association is establishing a training center to educate and prepare the next generation of talent for the electronics and PCB sectors, Leou said.
"We will build a real production line in the center to provide a true-to-life environment where newcomers or those interested in joining the PCB industry can gain practical skills," he said. The center will also bring in equipment and materials suppliers to help foster a new ecosystem, according to Leou.
The Industry, Science and Technology International Strategy Center of Taiwan forecasts the production value of PCBs in Thailand will grow from USD 3.5 billion in 2024 to USD 5.62 billion by 2030 with a compound annual growth rate of 7.6%, faster than the global average.
While Thailand is trying to seize the opportunity to become a third PCB hub alongside China and Taiwan, it is far from a given that all of these new investments will be able to bear fruit.
PCB makers, particularly those whose products are non-AI related, are already fighting fiercely for orders amid slowing demand from automotive, industrial and consumer electronics applications, industry people said.
"There are several types of newcomers among PCB makers in Thailand: the ones that brought orders with them, like Victory Giant or GCE, and the ones that come set up a plant first and then fight for orders. … The latter one is creating a heated competition here," said an executive with a PCB equipment company that serves multiple PCB makers in Thailand.
Several PCB makers and equipment and materials suppliers told Nikkei Asia that despite the nearly 60 new plants in Thailand, the ecosystem remains young and they still need to import most of the equipment and materials needed for production. It will still take years for Thailand's emerging PCB cluster to go through the necessary learning curve and become stably profitable, they said.
"All of the high-end materials need to be imported, and there are transportation and warehouse costs, labor and different working styles that need to be factored in," said an executive who has worked in the PCB industry for more than 20 years. "It is very much like in China 20–30 years ago, when the tech supply chain was just beginning to be established."
Yuan-Sung Chang, a tech analyst specializing in the PCB industry at ISTI, said the institute expects foreign PCB makers in Thailand will gradually increase their production of mid-to-higher end PCBs, which will help the country's production value to keep growing. But the analyst cautioned that global economic dynamics, geopolitical risks and local infrastructure, including the rise of labor costs, might affect the industry's development in Thailand.
Chiu Shih-fang, a tech supply chain analyst at the Taiwan Institute of Economic Research, holds a rather conservative view on Thailand's current situation. "The outlook of the PCB hub in Thailand is not clear at this moment, mainly due to the uncertain non-AI market demand that might be affected by the US tariff policy," Chiu said.
The veteran tech analyst added that many of the PCB newcomers have only built one to two production lines in the Southeast Asian country so far. "Whether they will expand into an economic scale of production will largely rely on the improvement of global economics amid the uncertain tariff policy," the analyst said.
This article first appeared on <a href="https://asia.nikkei.com/business/technology/tech-asia/thailand-carves-out-a-less-glamorous-ai-niche-printed-circuit-boards">Nikkei Asia</a>. It has been republished here as part of 36Kr’s ongoing partnership with <a href="https://www.kr-asia.com/nikkei-teams-up-with-36kr-in-asia-tech-news-coverage/">Nikkei</a>.

Thailand carves out a less-glamorous AI niche: Printed circuit boards

Semiconductors

Thailand

Southeast Asia

From September 2–4, the Global Water Expo convened key players in the water technology sector at the Riyadh Front Exhibition &amp; Conference Center in Saudi Arabia. The event featured more than 300 companies from 25 countries, highlighting innovations in seawater desalination, wastewater treatment, and smart water management, with a focus on building cross-border partnerships.
<h3>GreenTech signs MoUs with MediSun at Global Water Expo 2025</h3>
GreenTech introduced two products, Newater House and WateRobot, alongside the signing of two memorandums of understanding (MoUs) with Singapore-based MediSun Energy, a specialist in integrated brine management. The agreements mark a milestone in GreenTech’s strategy to accelerate global market entry and broaden its international footprint.
The partnership integrates GreenTech’s modular water treatment system, Newater House, with MediSun’s advanced brine management solutions.
Newater House is a smart prefabricated water plant designed for industrial manufacturers, parks, and municipalities. It supports both brackish water (BWRO) and seawater reverse osmosis (SWRO) systems, while offering standardized design, factory-built production, and artificial intelligence-driven operation through WateRobot, and after-sales support. By integrating MediSun’s reverse electrodialysis and selective electrodialysis metathesis solutions, the collaboration aims to improve energy recovery and reduce the environmental impact of brine discharge.
WateRobot, GreenTech’s AI agent, applies proprietary predictive process optimization, multimodal sensing (including computer vision, audio, and infrared), and large language reasoning models. It operates on a closed-loop online-to-offline system, enabling autonomous, safe, and cost-efficient management of plant operations.
Together, the companies are positioning their offering as a high-efficiency, low-energy, integrated solution aimed at addressing some of the world’s most pressing water challenges.
<figure id="attachment_157434" aria-describedby="caption-attachment-157434" style="width: 480px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-157434" src="https://console.kr-asia.com/wp-content/uploads/2025/09/GreenTech.jpg" alt="Photo shows GreenTech chairman Eric Zhang (first from left) presenting Newater House to visitors at the expo, including Mutaz Al Mazari (third from left), portfolio director at DMG, and Abdulmohsen Alkhayal, executive director of the local content division at the Saudi Fund for Development (fourth from left)." width="480" height="320" srcset="https://console.kr-asia.com/wp-content/uploads/2025/09/GreenTech.jpg 1080w, https://console.kr-asia.com/wp-content/uploads/2025/09/GreenTech-720x480.jpg 720w, https://console.kr-asia.com/wp-content/uploads/2025/09/GreenTech-1024x683.jpg 1024w, https://console.kr-asia.com/wp-content/uploads/2025/09/GreenTech-768x512.jpg 768w" sizes="(max-width: 480px) 100vw, 480px" /><figcaption id="caption-attachment-157434" class="wp-caption-text">Photo shows GreenTech chairman Eric Zhang (first from left) presenting Newater House to visitors at the expo, including Mutaz Al Mazari (third from left), portfolio director at DMG, and Abdulmohsen A Alkhayal, executive director of the local content division at the Saudi Fund for Development (fourth from left). Photo and header photo source: GreenTech.</figcaption></figure>
<h3>Global impact and Vision 2030 alignment</h3>
Under the agreements, GreenTech will bring MediSun’s brine treatment solutions to China, while MediSun will promote Newater House across the Middle East and Africa.
Eric Zhang, chairman of GreenTech, said:
<blockquote>“This partnership combines global innovation with local expertise in Saudi Arabia. Through our collaboration with MediSun, we are supporting Saudi Vision 2030 and bringing sustainable water solutions to international markets.”</blockquote>
Joseph Chua, co-founder and president of MediSun, added:
<blockquote>“Partnering with GreenTech is a pivotal step in our growth. We look forward to accelerating deployment of the Newater House and expanding into key markets.”</blockquote>
The collaboration supports Saudi Arabia’s Vision 2030 agenda to establish the kingdom as a global hub for advanced desalination technology. Starting with local deployment, the companies intend to strengthen regional water security and scale sustainable water solutions globally.
<h3>About GreenTech</h3>
GreenTech develops advanced water treatment and resource recovery systems, providing end-to-end solutions through investment, construction, operations, and services. Guided by the vision “AI for water freedom,” its strategy focuses on resource recovery, digitalization, and product-based solutions.
Through Newater House and WateRobot, GreenTech serves industries including photovoltaics, printed circuit boards (PCBs), new materials, power generation, textiles, coal, and chemicals. The company’s work addresses water scarcity, operational costs, and environmental pressures.
<h3>About MediSun Energy</h3>
MediSun Energy is a Singapore-based company specializing in integrated brine management. Its technologies convert desalination brine and industrial waste streams into reusable resources using energy-efficient, circular processes. MediSun’s portfolio, which includes reverse electrodialysis, electrodialysis metathesis, and carbon dioxide mineralization, supports decarbonization in energy-intensive areas such as desalination and contributes to resource security.
This press release was published in partnership with <a href="http://www.greentech.com.cn/en/Home">GreenTech</a>.

GreenTech unveils AI-driven water solutions at Global Water Expo 2025 in Saudi Arabia