Baling Technology and Yuliang Battery may carry out asset restructuring in the future.

Recently, Baling Technology announced to invest Yuliang Battery 20％-30％ held by Kailong. The amount of Yuliang Battery overall valuations is 28, 3.5 billion yuan.

Baling, science and technology, said yu quantity battery its future profit is expected to show explosive growth, if successful, the transaction will bring to the company a more generous benefits; At the same time, do not rule out future cooperation between both sides to expand or to asset restructuring may be in the future.

At the end of 2017, Shanghai to open long investment management co., LTD. Has become a yu battery controlling shareholders, Yang Huawei Shanghai open lung the actual control of people love. Chairman of the board as the original treasure letter cars, Yang Aihua has rich resources and experience, his arrival, let yu battery fundamentals there has been a fundamental change, is now one of the major suppliers of horse car. In addition, many world famous auto makers are testing yu quantity battery products, believe that the future must have great development space. Funding sources in addition to the companies themselves, also can through the way of financing.

Amount of space is a battery ternary power battery system solutions provider, to focus on the ternary lithium battery power cell and module, battery system research and development, production and sales, to global customers to provide safe and reliable, efficient, durable, competitive three yuan power battery system solutions. Company plans to 12 GWH power battery capacity, the current issue of 2 GWH capacity has been put into production, the main supporting Wei ma (WELTMEISTER), Jianghuai automobile, Kowloon car, Kinglong bus, car, land of the ark, the Associated Press, southeast motor, Zhongtai auto car manufacturers.

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