May 13, 2024 - On the afternoon of May 6, 2024 local time, Chinese President Xi Jinping attended the closing ceremony of the sixth meeting of China-France Business Council together with French President Emmanuel Macron. Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud developer service provider, representing Chinese visiting enterprises, was invited to participate and engage in profound discussions with a consortium of Chinese and French enterprises on three key topics: innovation and industrial cooperation, green economy and low-carbon transformation, and emerging technologies and sustainable development.
This event offers a fresh outlook on the collaboration between China and France in the realms of green economy and sustainable development. Merely a week later, on May 13th, this vision of cooperation was significantly advanced. Tuya announced a partnership with Xanlite, a prominent French smart home brand, during the Zhejiang Forum on Innovation Cooperation with the French High-Tech Industry in Paris. The pair have joined forces to advance the implementation of the "Smart Home Energy Management Solutions Project for the French Market", which aims to explore innovative energy-saving techniques for smart homes and deliver more efficient and environmentally friendly smart living experiences to households in France and Europe more broadly.
Zhejiang Forum on Innovation Cooperation with the French High-Tech Industry(Source: Official WeChat Account "Chuang Xin Zhe Jiang")
Xanlite and Tuya: Further Collaboration, Leading the Energy Conservation Trends
Organized by the Department of Science and Technology of Zhejiang Province, the Zhejiang Forum on Innovation Cooperation with the French High-Tech Industry aims to foster cooperation with France in high-tech industries, particularly in new technology research, development and application, industrial chain enhancement, and market expansion. The event showcased 30 cutting-edge projects, encompassing various forefront fields like new energy, biotechnology, and artificial intelligence.
As a representative of the world's foremost smart solutions enterprises, Tuya was invited to this prestigious event and successfully signed the "Smart Home Energy Management Solutions Project in the French Market" agreement with Xanlite.
Alex Yang, Co-Founder and COO of Tuya Smart (left) and Jérôme Haddad, Executive Director of Xanlite(right)
Founded in 1997, Xanlite is one of the most favored LED lighting brands among European consumers. Its products are exported to over 30 countries and regions worldwide, boasting robust brand strength, extensive channel coverage, and significant market influence. This formidable partnership between Xanlite and Tuya establishes a new benchmark for international technological collaboration.
The collaboration between Xanlite and Tuya has been nurtured over several years. In 2018, they jointly launched the smart home brand KOZii, which has since emerged as a leading smart home brand in France through years of dedicated effort and refinement. Since 2021, Xanlite has actively embraced France's energy-saving policies, venturing into energy transformation-related businesses. They have successively introduced new ranges of Plug&Play solar kits and energy-saving kits, for which households can benefit from French government Eco-renovation aids.
From a renowned lighting brand to a pioneering smart home innovator, Xanlite continuously evolves, driven by its keen market perception and swift response to market trends. At this event, Xanlite reaffirmed its commitment to collaborating with Tuya, aiming to harness Tuya's cutting-edge technology and vast experience to introduce smart home energy management solutions to French households. Together, they aspire to usher in a new era of low-carbon and energy-efficient lifestyles.
Exploring the New Path of Energy Conservation in French Households
France, a global leader in climate protection, recognizes the significance of energy conservation and reduction. To fulfill its ambition of increasing energy efficiency by at least 27% by 2030, the country has implemented a comprehensive suite of subsidies, tax incentives, and policies, encouraging both consumers and business entities to adopt energy-saving measures and significantly reduce their energy consumption.
The partnership between Xanlite and Tuya stands out. Focusing on home energy management, a domain with immense energy-saving potential, this collaboration leverages Tuya's comprehensive capabilities to drive the widespread adoption of smart home energy management systems in France, thereby accelerating energy-saving gains.
Alex Yang delivered the speech at the Forum
In terms of hardware, Tuya enables Xanlite to craft an energy-saving kit encompassing a range of smart devices such as gateways and thermostats. This expansion of Xanlite's product portfolio integrates seamlessly with Tuya's vast hardware ecosystem, catering to the diverse energy-saving needs of individual households.
On the software front, Xanlite, leveraging Tuya's developer platform, offers a comprehensive smart home system tailored for French home users. This system enables precision control over individual devices, allowing users to customize their home environments by adjusting lighting or switching specific appliances in designated rooms. Additionally, the system recommends energy-saving solutions based on real-time data, assisting users in enhancing energy efficiency.
Furthermore, the smart home system seamlessly integrates real-time signals from Ecowatt and Ecogas. These signals deliver not only instantaneous consumption data for electricity and gas, but also critical warning information, enabling users to comprehensively monitor their home's energy consumption, promptly identify, and address potential energy wastage and safety risks.
It is anticipated that the collaborative initiative forged by Xanlite and Tuya, upon successful implementation, will deliver significant energy-saving benefits to millions of French households, achieving an estimated energy-saving efficiency of up to 30%.
Jérôme Haddad, Executive Director of Xanlite, states, "Tuya is our steadfast partner in our journey towards revolutionizing home energy management. This collaboration strives to seamlessly integrate advanced energy-saving kits with smart home systems. We are confident that with the concerted efforts of both parties, we will introduce a smarter and greener lifestyle to households in France and beyond, Europe, ultimately contributing to global energy conservation and emission reduction efforts."
"Tuya is delighted to collaborate with a forward-looking and innovative enterprise like Xanlite. Xanlite's firm commitment and positive actions to low-carbon and energy-saving highly align with Tuya's ESG philosophy. We look forward to working with Xanlite to provide more efficient smart energy management solutions for French households and create a better future of green and energy-saving," said Alex Yang, Co-Founder and COO of Tuya Smart.
The successful implementation of the Smart Home Energy Management Solutions Project in the French Market not only demonstrates the broad application prospects of cutting-edge technologies in the field of energy management, but also injects new vitality into the achievement of global carbon neutrality goals. Looking ahead, Tuya will continue to closely cooperate with global industry leaders like Xanlite to jointly promote the widespread application of smart energy solutions in the household sector, and take actions to help build a green and low-carbon life.
