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, 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 US with a market cap of US$24.3bn, ZOOZ Power says that DiDi’s ecosystem offers a significant opportunity for ZOOZ to extend its presence in this rapidly growing market.
China's EV market is experiencing unprecedented growth, with EVs accounting for nearly 50% of total car sales in 2024. This surge highlights the increasing demand for efficient charging solutions. In addition to enhancing the capabilities of Yixiaoju’s charging station, the Shanghai pilot installation will also serve as a vehicle for market penetration of ZOOZ Power’s flywheel-based power-boosting technology coupled with ZOOZ’s proven Energy Management System to the Chinese market. By providing a reliable and highly efficient solution for high-power EV charging, ZOOZ Power aims to support the expansion of ultra-fast charging networks while reducing the strain on local electricity grids.
"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 flywheel-based technology enables ultra-fast charging 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.
