Shulou(Shulou.com)11/24 Report--

Thank you CTOnews.com netizen Mr. Aviation for the clue delivery! CTOnews.com May 21 news, Chang 'an Automobile recently in Shenzhen Stock Exchange interactive platform said, Chang' an Automobile and Ningde Times established cell joint venture company, Will complete the company registration landing in the first half of the year, Within the year can be put into production.

Chang 'an Automobile pointed out in its reply that the battery company jointly established with Ningde Times is mainly engaged in the production and manufacturing of power cells, with an annual production capacity of 25 Gwh. It is expected that the company will be registered in the first half of the year and put into production within the year.

Changan Automobile and Ningde Times announced the establishment of a joint venture battery company in February this year. CTOnews.com hereby attaches the following information about the joint venture battery company:

Chang 'an Automobile invested 285 million yuan, with a shareholding ratio of 19%.

Chang 'an New Energy invested 450 million yuan with a shareholding ratio of 30%.

Ningde Times invested 765 million yuan, with a shareholding ratio of 51%.

▲ Source: Avita official website Chang 'an Automobile and Ningde Times established a cooperative relationship as early as 3 years ago. In May 2021, Chang 'an Automobile cooperated with Ningde Times and Huawei to launch Avita, a high-end new energy brand. Shortly thereafter, Ningde Times made a strategic investment in Avita, acquiring a 23.99% stake in Avita and becoming its second largest shareholder.

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