From September 8th to 10th, 2023, Hexing was invited to participate in the grand event, the "Belt and Road" Initiative Achievement Exhibition, hosted by the Chinese Embassy in Bangladesh and organized by the Bangladeshi-Chinese Enterprise Association. This exhibition brought together major Chinese-funded enterprises in Bangladesh to discuss the opportunities and challenges under the "Belt and Road" policy. During the exhibition, representatives from various departments, including the Bangladesh Investment Development Authority (BIDA), the National Board of Revenue (NBR), the Bangladeshi Customs, and the Export Promotion Bureau (EPB) of Bangladesh, attended the event and engaged in in-depth dialogues with Chinese-funded enterprises in Bangladesh to jointly plan for the future.   

During the exhibition, representatives from various departments, including the Bangladesh Investment Development Authority (BIDA), the National Board of Revenue (NBR), the Bangladeshi Customs, and the Export Promotion Bureau (EPB) of Bangladesh, attended the event and engaged in in-depth dialogues with Chinese-funded enterprises in Bangladesh to jointly plan for the future.

Hexing Bangladesh made its stunning debut, showcasing its star products and solutions. Mr. Song from the Economic and Commercial Office of the Embassy of the People's Republic of China in the People's Republic of Bangladesh, Mr. Lokman Hossain, the Executive Chairman of BIDA, Mr. Ke Changliang from the Chinese Enterprise Association, and Mr. Mridha from the Federation of Bangladesh Chambers of Commerce and Industry visited the Hexing booth, showing great interest in Hexing's comprehensive energy solutions and highly affirming Hexing's expertise and technology in the power sector as well as solutions and opportunities Hexing brought to the field.

Renewable Energy Demand in Bangladesh

According to 2022 renewable energy data, renewable energy accounts for only 3% of Bangladesh's overall energy structure. As early as the 22nd United Nations Climate Change Conference held in Morocco in 2016, Bangladesh pledged to achieve 100% renewable energy transition by the mid-century and ensure universal energy access. Although renewable energy currently has a relatively low proportion in the energy structure, the Bangladesh government has taken active measures to promote its development, bringing broad prospects to the country's new energy market. In particular, solar power accounts for 70% of the new energy sources in Bangladesh, indicating its enormous potential in the country's energy transition.

Hexing's Star Products Won Great Popularity!

In Bangladesh's thriving new energy market, Hexing's brand-new All-in-One integrated energy storage and charging system, Livoltek, attracted numerous enterprises' attention at the exhibition with its innovative design and advanced technology. The system utilizes high-efficiency power conversion chips to achieve bidirectional power conversion and stable output, significantly improving energy storage and charging efficiency. The accompanying low-voltage lithium battery pack adopts advanced battery balancing management technology to ensure battery safety and prolong lifespan.  

Livoltek's all-in-one energy storage machine is smart and user-friendly, without any complex operating procedures. It is also equipped with a home energy management system, which can intelligently control household appliance electricity consumption, perform load management and demand response to reduce energy costs. Users can achieve precise management of home energy anytime, anywhere through smartphones or other internet-connected devices, providing efficient and convenient energy solutions for modern smart homes, users or commercial facilities, Livoltek AC charging stations meet diverse charging demands, providing efficient and intelligent charging experiences for users.

Practice the Belt and Road Initiative in Bangladesh

This year is the tenth anniversary of not only the Belt and Road Initiative but Hexing's Bangladesh subsidiary, Forter Electrical Co. Ltd. Since entering the Bangladesh market in 1997, Hexing has supplied over six million electronic energy meters and two million smart prepaid meters for the country's power system. It has also fully upgraded four local meter production lines for local factories in Bangladesh. In 2019, with the approval of the Bangladeshi Cabinet, Hexing Group established Bangladesh Smart Electrical Co., Ltd. (BSECO), the country's first smart meter production factory, in partnership with Western Power Distribution Company. By increasing employment opportunities, facilitating technology transfer, promoting economic development, and enhancing energy management, Hexing has made positive contributions to Bangladesh's sustainable development and modernization. As Bangladesh's economy continues to thrive, the demand for electricity keeps increasing. Hexing will continue to work closely with the Bangladesh government and partners, jointly promoting the modernization and sustainable development of the country's power system, and contributing to future energy management and economic growth.