Huizhou Yiwei Lithium Energy Shares set up a subsidiary

On May 30th, EVE Energy Co., Ltd announced about foreign investment to set up the subsidiary. It is announced to agree with the form of equipment and its own capital investment of the company by no more than 600 million yuan investment to set up subsidiaries in Huizhou Yiwei Energy co., LTD. After completion of the investment, the company will hold Yiwei Energy a 100% stake.

On May 30, 2018, the EVE Energy Co., Ltd held the fourth session of the board of directors meeting, 22 meeting examined and approved the "on foreign investment to set up the subsidiary legislation", the company will set up a subsidiary in Huizhou hundred million weft can set Co., Ltd. Weft set to the introduction of international advanced technology, equipment and personnel, engaged in car use soft package battery core, automotive battery module and soft packages energy storage battery for the relevant business, high-end new energy passenger car market.

Announcement, soft package ternary power battery new energy car battery technology is one of the main development direction, the investment aim is to create high-end power battery production capacity. The investment will further improve the company's new energy automobile power battery products layout, improve the competitiveness of the company in the new energy car battery high-end market, has a positive role on the development of the company.

It is understood that the investment company mainly invest in the equipment assets, 2 to 3 years of growth for companies in the future has a positive role.

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