- FinDreams Battery and Zero Carbon Engine signed a cooperation to deploy batteries, energy storage and electrified transport across Mongolia, reflecting pressure to localize solutions and capture resource-logistics share.
- The deal emphasizes integrated BESS, fast-charging, Sky Shuttle support and electric mining and heavy-duty logistics vehicles; no explicit price or production figures were disclosed.
- Targets Chinese new-energy incumbents and infrastructure providers in mining and urban transit, but execution risks include winter delivery timing, regulatory approvals, charging build-out and heavy-vehicle electrification scale.
BYD’s battery unit FinDreams Battery and Zero Carbon Engine Technology Group have signed a strategic cooperation agreement at BYD’s headquarters in Pingshan, Shenzhen.
The two sides will cooperate across energy storage, green transportation, mining and port logistics.
They also plan to expand into zero-carbon projects spanning urban areas, pastoral regions and industrial sectors in Mongolia.
The agreement comes just over 10 days after FinDreams Battery signed a strategic cooperation memorandum of understanding with Ulaanbaatar, the capital of Mongolia.
On August 25, FinDreams Battery reached an agreement with Ulaanbaatar during the 17th Conference of the Parties to the United Nations Convention to Combat Desertification.
Under the agreement, FinDreams Battery will provide local technical support for power batteries, energy storage systems and smart transportation, while promoting the deployment of new-energy projects.
The cooperation with Ulaanbaatar is focused primarily on urban transportation and energy infrastructure, covering applications such as the Sky Shuttle, fast-charging networks and BESS.
The partnership with Zero Carbon Engine further extends the scope to mining, electric mining trucks, port logistics and pastoral areas.
The former is oriented toward urban public-sector applications, while the latter covers resource extraction and cross-border logistics, which account for a significant share of Mongolia’s economy.
Mongolia is a typical mining-based economy, with exports of coal and other resources playing an important role.
Mining equipment and heavy-duty logistics vehicles have long relied on internal-combustion powertrains.
At the same time, Ulaanbaatar faces severe air pollution during winter, creating strong practical demand for transport electrification and changes to the energy mix.
Local EV and energy storage infrastructure is also being developed.
At the end of 2025, Mongolia’s parliament proposed building charging infrastructure and a distributed renewable-energy system based on a target of putting 100,000 electric vehicles on the road.
In 2026, the Mongolian government also approved the construction of energy storage facilities through private investment in five provinces, with the goal of putting them into operation before the winter peak in electricity demand.
For FinDreams Battery, the continued expansion of projects in Mongolia also signals a shift in its overseas business from supplying individual battery products toward integrated energy and transportation projects.
Zero Carbon Engine Technology Group was established in March 2025 and is primarily focused on integrating new-energy technologies with resources in overseas markets.
Under the partnership, the two companies plan to advance projects across urban areas, mining, port logistics and pastoral regions in Mongolia, while using local projects as a reference for further expansion into Belt and Road markets.
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