[ESS: China Huaneng and CATL set up JV with RMB 5.6 billion registered capital]

Published: Sep 24, 2026 13:27 (GMT+8)
Huaneng Lancang River Guxue (Markam) Hydropower Co., Ltd. was registered on Sep 21 in Markam County, Tibet, jointly invested by China Huaneng Group and CATL. Huaneng's upstream hydropower arm holds 89% (RMB 4.984 billion subscribed) and CATL 11% (RMB 616 million). Its business scope covers hydropower, solar and wind power services, energy storage services, and EV charging infrastructure operations.

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