CALB Technology(Shandong)Co.,Ltd.was established on October 30th with a registered capital of RMB 1 billion.
According to data from Qichacha,the new company is jointly held by CALB and Tengzhou Caijin Holding Group Co.,Ltd.,with shareholdings of 64%and 36%,respectively.Tengzhou Caijin Holding is a wholly-owned subsidiary of the Tengzhou Municipal Bureau of Finance,making it a county/district-level State-Owned Enterprise(SOE).
The new company is registered in Zaozhuang City,Shandong Province.Its business scope includes battery manufacturing,battery sales,recycling and cascade utilization of spent power batteries for new energy vehicles,and sales of battery swapping facilities for new energy vehicles.
CALB has been very active recently.
Previously,on August 6th,CALB partnered with the SOE Handan Xinrui Energy Technology Co.,Ltd.to establish a new company to expand battery manufacturing-related businesses.On May 28th,CALB also announced a joint venture agreement with Handan Industrial Investment Group and Handan Urban Operations Group to set up a RMB 4 billion joint venture company.The two parties will jointly establish the JV through cash contributions to expand into the power and energy storage markets.
Through the establishment of these new companies,CALB is accelerating its diversified expansion in the new energy sector through a series of measures,including further planning in the photovoltaic(PV)and wind power fields,increasing capital in its subsidiaries to strengthen battery operations,joining hands with SOEs to set up joint ventures to expand markets,and advancing initiatives such as acquiring stakes in listed companies.
Source：EnergyTrend