Chinese DMEGC and E-Stream sign framework agreement

18. März 2021

Chinese DMEGC and E-Stream sign framework agreement

People in the picture: Mr. Yan Wang, Mr. Nils Erdmann, Mr. Gu Ying (GF DMEGC Deutschland), Mr. Dirk Köster (CEO E-Stream), Mr. Stefan Hötte, Mr. Thomas Krämer (CEO E-Stream), Mr. Rüdiger Weskamp


E-Stream and DMEGC, part of the Chinese Hengdian Group, have signed a framework agreement for battery cell supply and distribution. Founded in 1980, DMEGC employs around 16,000 people worldwide. The Chinese company's 2020 sales were EUR 1.1 billion. DMEGC has subsidiaries in Germany, the Netherlands, the United Kingdom, France, the United States, Brazil, South Africa, Australia, Korea, Hong Kong and Japan. The company is a major supplier in the automotive sector, supplying Siemens, Würth, Brose and Continental, among others. In addition to producing lithium-ion cells and batteries, DMEGC is also considered one of the world's leading producers of photovoltaic systems.

The Hengdian Group is a global player in various industries, with 60 subsidiaries and 200 production sites, and annual sales in 2019 of $13 billion. 
The framework agreement was signed jointly in Krefeld, Germany. Both managing directors of E-Stream, Dirk Köster and Thomas Krämer, as well as Mr. Gu Ying, managing director of DMEGC Germany, met for the signing in the business premises of E-Estream under the condition of all corona protection measures. In addition to the framework agreement, the expansion of the partnership between the two companies was discussed. It quickly became clear that there are many synergies, especially in the field of home storage. With a joint task force, the development of the home storage system will now be advanced to the industrialization of the production of the storage systems.

Dirk Köster, Managing Director E-Stream: We are very pleased that DMEGC and E-Stream have signed a framework agreement for battery cell production. Our partnership can be further expanded. In the important area of residential storage, the two companies intend to cooperate more closely in the future. The importance of residential storage is still underestimated in Germany. With the expansion of e-mobility and the accruing costs of self-produced electricity when fed into the general grid, dictated by the EEG, it is becoming increasingly important that the home storage coverage of German households increases strongly. E-Stream and DMEGC see enormous growth potential here, especially in the connection that our Chinese partner company is a leading manufacturer of photovoltaic systems and we would thus be able to offer complete systems."