On April 18, Sanlux Co., Ltd. issued an announcement stating that the company plans to invest 20 million euros (approximately 160 million RMB) to establish a wholly-owned subsidiary in Switzerland, in order to expand into the European energy storage market and advance its global strategic layout.
According to the announcement, Sanlux will use its wholly-owned subsidiary, Sanlux (Hong Kong) Co., Ltd., as the foundation. Through its wholly-owned sub-subsidiary, Sanlux International Holding (Singapore) Pte. Ltd., it will invest in and establish "Sanlux Energy International Holding Company" (tentative name) in Switzerland. The total amount for this investment is 20 million euros, which will be funded by the company's own capital.
The newly established Swiss subsidiary will fully focus on the energy storage and broader energy sectors. Its core business operations will encompass energy engineering general contracting, the investment, development, and operation of energy storage projects, as well as related technical consulting and services.
Sanlux stated that the primary objective of this investment is to seize the strategic opportunity presented by the rapid development of the European energy storage sector. By conducting market expansion and operational management in the target region, the company aims to deliver localized operational services. Through this initiative, the company expects to foster synergy and coordination between its domestic and international businesses, further expand the scale of its energy storage operations, and optimize its industrial structure, thereby strengthening its sustained profitability and comprehensive competitiveness.
It is worth noting that this overseas investment is still subject to multiple domestic and international approval and filing procedures. These include domestic outbound investment filings, relevant approvals in Hong Kong, China, and Singapore, as well as local investment permits and corporate registration in Switzerland. Consequently, there remains a certain degree of uncertainty regarding the project's advancement.
Source：EnergyTrend
