AJ Greentech Holdings, a company specializing in the manufacture and distribution of technologies for green energy, green transportation and sustainability, has signed a contract with Taiwan Solar Energy to cross-promote their electric car components.
The contract is signed for three years, and is valued at $1 million per year, the company said.
Chu Li An, CEO, AJ Greentech Holdings, said the contract will bring an excess of $0.25 million net profit each year for the company. “This contract is a result of two visionary companies agreeing to power the future of automobiles in an unprecedented way,” An added.
According to An, the partnership with Taiwan Solar Energy will not only enhance the sales of both companies, but will also provide a joint venture opportunity that seeks to benefit the industry.
“We look forward to assisting Taiwan Solar Energy Co., Ltd. as it has extensive distribution channels in Taichung,” An added. “That, coupled with the additional market value of AJ Greentech will make us a leading proposition in the green technology field that is consistent with US government policy initiatives in the area of green technologies.”