CATL Battery works with EAST Group on joint venture for energy storage business

CATL Battery teams with EAST Group to set up a joint venture for energy storage business.
According to the data of Tianyancha, on April 20, Xinneng East (Yangzhou) Technology Co., Ltd. was established with a registered capital of 100 million yuan.

CATL Battery teams with EAST Group to set up a joint venture for energy storage business.

According to the data of Tianyancha, on April 20, Xinneng East (Yangzhou) Technology Co., Ltd. was established with a registered capital of 100 million yuan.

The legal representative is He Jia, chairman of East Group.

The company’s business scope includes battery manufacturing; battery sales; transformer, rectifier and inductor manufacturing; intelligent power transmission and distribution and control equipment sales; intelligent control system integration; research and development of high-efficiency energy-saving technologies in the power industry; research and development of emerging energy technologies.

Tianyancha’s section of shareholder information shows that Xinneng East (Yangzhou) Technology Co., Ltd. has two major shareholders, which are the A-share listed company East Group Co., Ltd. and the operating entity of CATL Battery (Contemporary Amperex Technology Limited).

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/22/catl-battery-works-with-east-group-on-joint-venture-for-energy-storage-business/.

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