Both sides had in-depth consultations on the core issues of promoting the achievement of global sustainable development goals, global green transformation, the market prospects of liquid flow energy storage industry in Europe, and Chinese enterprises' investment in Bulgaria. Both sides expressed a warm welcome and sincere intention to cooperate, and reached important consensus on multiple issues, laying a solid foundation for the new vanadium titanium layout in the European energy storage market.

During the meeting, Zhang Jianyong, Chairman of Wanlitong Group, introduced the company's core advantages to Mr. Atanas Zafirov, Deputy Prime Minister of Bulgaria. As a Chinese flow battery enterprise with a full industry chain layout and core technological advantages, it won the Clean Energy Innovation Award from the United Nations Industrial and Development Organization (UNESCO) Global Call in 2023. The company has rich experience in energy storage technology research and development, production, and operation, providing solid support for the development of new energy and energy storage industries in Europe.

Liu Shengnan, CEO of Xinxin Vanadium Titanium, also shared his cooperation and development plan: based on years of deep friendship with relevant partners in Bulgaria, he has gained a new understanding of the local market environment and the development potential of the European market. The high compatibility between local and European market demand and the application scenarios of all vanadium flow batteries has laid the foundation for our development in your country.
The Xinxin Vanadium Titanium Energy Storage Project has been reported to the relevant government departments in Bulgaria and has been recognized as a "Priority Level" project. It will enjoy exclusive preferential policies such as priority grid connection and electricity price subsidies to provide support for enterprises. This also means that Xinxin Vanadium Titanium will not have to face complex foreign investment special approval processes in subsequent operations, and can focus more on business expansion and project implementation.

The successful convening of this conference not only opened up an important channel for the European market for Xinxin Vanadium and Titanium, but also set a good example for Chinese enterprises' international cooperation in the field of new energy. Looking forward to further in-depth docking between both parties, so that Chinese energy storage technology can shine more brightly in the European market!