XIAMEN, China - Monday, 21. August 2023

(BUSINESS WIRE) -- Recently, HiTHIUM joins the United Nations Global Compact (UNGC) and pledged its commitment to supporting the initiative's ten principles encompassing human rights, labor, environment and anti-corruption. Founded in 2019, HiTHIUM is a leading manufacturer of stationary energy storage products for utility-scale as well as commercial and industrial applications to help the global energy green transition and sustainable development.

Joining UNGC is of great significance to HiTHIUM as it is not only a recognition of the company's continuous commitment to social responsibilities and environmental protection, but also a milestone in its efforts to further expand internationally.

HiTHIUM integrates the concept of sustainable development into the corporate culture and governance. Earlier this year, HiTHIUM established Sustainable Development Center and launched the ESG sustainable development project in February to promote green development, and achieve positive results in product recycling, response to climate change, community development, environmental protection, integrity and compliance, employee rights and interests.

About the United Nations Global Compact

Launch in 2000, the UNGC has become the largest corporate sustainability initiative, with over 20,000 corporate members and other stakeholders from nearly 170 countries worldwide.

About HiTHIUM

Founded in 2019, HiTHIUM is a leading manufacturer of stationary energy storage products for utility-scale as well as commercial and industrial applications. With four distinct R&D centers and multiple “intelligent” production facilities, HiTHIUM’s innovations include groundbreaking safety improvements to its lithium-ion batteries as well as increases in efficiency and lifecycle. HiTHIUM leverages its specialization in BESS to deliver partners and customers unique advances in energy storage. The company is based in Xiamen, China, with further locations for production, research, or sales in Shenzhen, Chongqing, Munich, and California. HiTHIUM has shipped 10 GWh of battery capacity, 5 GWh in 2022 alone, and is expanding its current 45 GWh of production capacity to 70 GWh by the end of 2023.

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carol.wu@hithium.com