Pakistan’s Quantum Data Technologies (QTECH), formerly known as Chakwal Spinning Mills Limited, is expanding beyond IT services into energy storage, signing a cooperation agreement with China’s Great Power Energy & Technology to explore local assembly of lithium-based batteries for homes, industry and data centres.
The listed company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday.
“QTECH is pleased to announce the signing of a strategic cooperation and market development framework agreement with Guangzhou Great Power Energy & Technology Сo., Ltd., China,” read the notice.
Great Power is a leading Chinese energy technology company specialising in advanced lithium batteries and energy storage solutions. The company is listed on the Shenzhen Stock Exchange, with an approximate market capitalisation of $4 billion as of October 13, 2026.
“Under this collaboration, QTECH intends to introduce and progressively undertake local assembly of advanced lithium-based battery energy storage systems, including residential and commercial battery packs, industrial and utility-scale energy storage systems, and solutions for data centres, AI infrastructure, EV battery infrastructure and other energy-intensive applications,” read the notice.
The company said that as a data and AI-driven technology company, it considers reliable energy supply and energy security essential to Pakistan’s technological advancement. “This initiative represents an important step in its broader strategy to develop innovative technology ventures and create long-term shareholder value,” QTECH added.
QTECH was incorporated in Pakistan on January 31, 1988, as a Public Limited Company. The principal activity of the Company is to provide information technology (IT) and IT-enabled services.
Meanwhile, Guangzhou Great Power Energy and Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of batteries. The company’s products are mainly used in energy storage, new energy vehicles, consumer digital, smart home and smart security. The company principally conducts its business in domestic and overseas markets.