Shengxing Group: Plans to Establish Wholly-owned Subsidiary to Invest in the Development, Production, and Sales of New Energy Structural Components
Shengxing Group announced that the company plans to invest in the development, production, and sales of new energy structural components in Shishi City, Quanzhou City, Fujian Province, and establish a wholly-owned subsidiary "Shengxing (Quanzhou) New Energy Technology Co., Ltd. (tentative name)" as the main implementation entity of the project. The total investment of the project is 100 million yuan, with a tentative registered capital of 30 million yuan. The project will mainly produce various specifications of precision structural components for new energy batteries, used in new energy vehicles and energy storage batteries.
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