SNEC 2026｜CENTER INT, LONGi Green Energy, China Merchants Leasing and Cathay Biotech Sign Four-Party Strategic Cooperation Agreement

On June 4, during the 19th SNEC International PV and Smart Energy Exhibition, CENTER INT, LONGi Green Energy Technology Co., Ltd., China Merchants Leasing Co., Ltd. and Cathay Biotech Inc. jointly signed a four-party strategic cooperation agreement. Zhang Yujun, General Manager of China Merchants Leasing, Zuo Jun, Vice President of Cathay Biotech, Bai Zhongxue, Assistant to Chairman & President of LONGi’s PV Building System Division, and Weng Jia’en, Director & Executive Vice President of CENTER INT, signed the document on behalf of each respective party. Centered on photovoltaics, backed by new materials and supported by industrial finance, the cooperation connects the full industrial chain of new energy manufacturing, bio-based materials, green investment & financing and scenario application, building a cross-border integrated new industrial ecosystem.

After the signing, senior executives held a special in-depth forum. Liu Aisen, Chairman of CENTER INT, Zhong Baoshen, Chairman & General Manager of LONGi Green Energy, Jiang Xiangyang, Chairman of China Merchants Leasing, and Liu Xiucai, Chairman of Cathay Biotech attended, engaging in thorough exchanges on the cross-border integration path of "photovoltaics + new materials + industrial finance". All parties agreed to accelerate implementation of agreement terms and establish regular communication mechanisms covering project development, new material application and capital coordination.

Deep Integration of All Parties’ Strengths to Form a Closed-Loop Collaborative System

The cooperation realizes deep integration of four core elements: technology, materials, scenarios and capital, enabling complementary strengths and resource sharing across all partners:

1. China Merchants Leasing: A wholly-owned subsidiary of China Merchants Group and a leading industrial financial service provider with abundant capital and group industrial resources. It owns massive high-quality new energy consumption scenarios including industrial plants, highways and ports. Adhering to three core strategies of "specialized development, deep collaboration and optimized layout", it transforms from a traditional financial leasing firm into an integrated industrial financial service provider delivering "financing + asset leasing + investment + operation", building a diversified collaborative business system around four development directions: globalization, green development, digital intelligence and integrated development.

2. Cathay Biotech: A global leader in bio-manufacturing specializing in synthetic biology and bio-based new materials, with the world’s top market share of long-chain dibasic acid core products. Its bio-based composite materials realize "replacing steel, aluminum and petrochemical materials with bio-based alternatives", solving pain points of traditional PV frames including heavy weight, corrosion susceptibility and high carbon emissions. The company’s rooftop PV and energy storage demand across national production bases in Hefei, Taiyuan, Jining and Wusu forms a natural closed-loop, providing abundant physical scenarios for project rollout.

3. CENTER INT & LONGi Green Energy: The core technical and engineering delivery parties of the cooperation, leveraging mature BIPV construction, operation & maintenance and integrated PV-storage solutions to deliver full-scenario projects and complete engineering verification of new materials.

Two Core Delivery Directions

Based on respective strengths, the four parties will focus on two key cooperation tracks:

1. Rollout of multi-scenario PV projects: Drawing on China Merchants Group’s full-spectrum transportation, industrial and port scenarios plus rooftop resources at all Cathay Biotech national bases, LONGi and CENTER INT will lead the development of PV and energy storage projects to unlock green energy value from idle space.

2. Industrialization of PV new materials: Carry out testing, verification and large-scale supporting supply of Cathay’s bio-based composite frames, while jointly researching lightweight new materials for energy storage and hydrogen energy applications.

The PV industry has entered a new stage of high-quality development featuring low-carbon circulation, lightweight design and high durability, yet is constrained by high loss and carbon emissions of traditional materials plus shortages of high-quality scenarios. This four-party cooperation creates a complete closed loop covering "new material R&D, new energy application, capital empowerment and scenario delivery", breaking cross-industry barriers and forming an integrated development model of "bio-manufacturing + central enterprise finance + new energy engineering".For industrial and commercial property owners, the four-party collaborative model delivers lightweight, fully managed one-stop PV-storage solutions. Central enterprise industrial finance guarantees stable project investment, innovative bio-based materials cut equipment maintenance costs and carbon footprints, and mature engineering capabilities ensure reliable project delivery. For the whole industry, the partnership accelerates large-scale replacement of bio-based recyclable materials in PV applications, activates massive idle space resources, and drives the PV sector toward lower carbon emissions and higher durability.Moving forward, the four parties will take this signing as a starting point to efficiently advance cooperation deliverables, speed up industrialization of new materials, scale up PV scenarios and deepen coordinated cutting-edge technology R&D, working together to build a zero-carbon industrial ecosystem and empower green upgrading across all industries.