Using 2 billion to lay out new energy sources for lithium batteries - Guancheng Datong

Guancheng Datong (600067) announced on the evening of May 5 that in order to speed up the pace of entering the new energy industry, the company signed a cooperation agreement with Fujian Futou New Energy Investment Co., Ltd., a subsidiary of Fujian Investment and Development Group Co., Ltd. on the May 5. Co-investment established Fujian Guancheng Ruimin New Energy Technology Co., Ltd., responsible for R&D, production, sales operation management of power battery, battery pack and charging technology. The total investment scale of the project is about 2 billion Yuan.

According to the agreement, the project company initial registered capital of 50 million Yuan, the company with all the blessing for the new energy company's investment 25 million Yuan, respectively holds 50% stake in the project company.

It is reported that the Provincial Investment Group is a large state-owned sole proprietorship company in Fujian Province. Futou New Energy Co., Ltd. focuses on the investment development and operation of downstream energy chain markets such as new energy and clean energy, and has established CNOOC Fujian New Energy Co., Ltd. with China National Offshore Oil and Gas Group. It is responsible for the investment operation management of downstream industrial chains such as natural gas vehicle refueling stations,special stations, ship oil to gas, distributed energy, tank truck transportation, and city gas.

In 2014, the Fujian provincial government issued eight measures to accelerate the promotion and application of new energy vehicles. Fujian Province will promote the application of 10,000 new energy vehicles between 2014 and 2015.

Guancheng Datong said that this investment is an important layout for the company's transformation into the new energy field of lithium batteries. The project company will with the help of a blessing for the new energy companies and the actual control of the background of the provincial investment group, make full use of the country, the development of new energy automotive industry of Fujian province policy advantages and development opportunities and free trade area of Fujian province, relying on the advantage of the auto industry in Fujian province, from city to city in Fujian province bus, taxi and city logistics distribution, environmental protection special areas such as new energy automobile power battery supply as the breakthrough point, quickly occupy market share accordingly.

The page contains the contents of the machine translation.