Treet Battery Limited (PSX: TBL) has signed an agreement with a Chinese company for the import and sale of lithium-ion batteries in Pakistan.
TBL has entered into an agreement with Highstar Digital Energy Technology (Guangdong) Co., Ltd, a limited liability company incorporated in the People’s Republic of China, for the import and sale of lithium-ion batteries in Pakistan, the company said in a notice to the Pakistan Stock Exchange (PSX).
TBL said the agreement marks its entry into the fast-growing lithium-ion battery segment, supplementing its existing operations in lead-acid batteries.
The collaboration with Highstar, a recognized global manufacturer of energy storage solutions, positions TBL to diversify its product portfolio and capture emerging opportunities in renewable energy, electric mobility, and sustainable power applications, it added.
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By introducing lithium-ion technology to the local market, TBL seeks to strengthen its competitive position, broaden its revenue streams, and create long-term value for shareholders.
The company said its management is confident that this development will support future growth and enhance investor confidence in the company’s direction.
