On November 21st, Great Power issued an announcement disclosing the investment progress of its wholly-owned subsidiary Zhuhai Great Power.
Recently, Zhuhai Great Power signed a "Partnership Agreement" to invest in Jinshi Fengying (Qingdao) Equity Investment Partnership (Limited Partnership), a fund focusing on layout in new energy, advanced intelligent manufacturing and other fields. After the completion of this investment, the total subscribed capital contribution of Jinshi Fengying will be 1 billion yuan, with Zhuhai Great Power subscribing 30 million yuan, accounting for 3% of the subscribed capital contribution.
At present, Great Power has received the "Private Investment Fund Filing Certificate" from Jinshi Fengying, which has completed the private investment fund filing procedures with the Asset Management Association of China in accordance with the requirements of relevant laws and regulations.
On November 24th, Great Power stated on the investor interaction platform that on the business front, the company's main energy storage products are currently basically sold out at full capacity, and the prices of related products have increased to a certain extent compared with the first half of the year.
While the business is growing steadily, there is also news of breakthroughs on the technical front. Great Power revealed that the company's solid-state battery pilot production line has been completed and put into operation, and it will continue to optimize the operation of the solid-state battery pilot production line and the iterative upgrading of solid-state batteries, striving to realize the mass production of related products as soon as possible.
Source：EnergyTrend