Kinglight plans to set up a new energy subsidiary in Shaoxing to develop lithium batteries

On August 31, Kinglight Electric Co.
, Ltd.
issued an announcement that it intends to invest in the establishment of a holding subsidiary Anbei New Energy Company in Shangyu District, Shaoxing City, Zhejiang Province, and its business scope is mainly lithium battery research and development, production, sales and related design, installation and technical services, with a registered capital of 30 million yuan
.

Kinglight will contribute 15.
3 million yuan with its own funds, accounting for 51% of the total registered capital; Gan Feng, a natural person, contributed 14.
7 million yuan, accounting for 49%
of the total registered capital.
Kinglight said that the investment in the establishment of Anbei New Energy Company is in line with the national policy of key development of high-tech new energy industry, which is conducive to the company using its mature experience in battery application technology to promote the development of the company's new energy business and provide a platform for the company to gradually enter the new energy field; At the same time, through the vertical integration of upstream materials, improve product competitiveness
.