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Kangsheng shares and Guoxuan Hi-Tech both announced today morning that Kangsheng shares and Guoxuan Hi-Tech’s wholly-owned subsidiary Hefei Guoxuan Hi-Tech Power Energy Co.
, Ltd.
(hereinafter referred to as "Hefei Guoxuan") and Luzhou High-tech Industrial Development Zone The management committee reached a cooperation agreement on the investment and construction of a power battery base project in Luzhou City, Sichuan Province, and signed an investment cooperation agreement yesterday
.
At the same time, in order to smoothly advance the cooperation project, Hefei Guoxuan and Kangsheng Co.
, Ltd.
jointly funded the establishment of a new company for investment, and the two parties have signed a cooperation agreement
.
Hefei Guoxuan and Kangsheng Co.
, Ltd.
will register and establish a new company in the Luzhou High-tech Zone as the investment subject of the investment project agreed in the investment agreement
.
The registered capital of the joint venture company is 200 million yuan, of which Hefei Guoxuan invested 130 million yuan, accounting for 65% of the total equity, and is the controlling shareholder of the joint venture; Kangsheng invested 70 million yuan, accounting for 35% of the total equity
.
According to the announcement, Kangsheng Co.
, Ltd.
and Hefei Guoxuan will settle in Luzhou High-tech Zone to invest in the construction of production and R&D bases.
The total investment is estimated to be 3 billion yuan, the total production capacity is 1 billion ampere hours, and the total area is 293 acres
.
The project is constructed in two phases, of which the investment in the first phase is 1 billion yuan.
After the project is completed, the annual output of power batteries will reach 300 million ampere hours
.
, Ltd.
(hereinafter referred to as "Hefei Guoxuan") and Luzhou High-tech Industrial Development Zone The management committee reached a cooperation agreement on the investment and construction of a power battery base project in Luzhou City, Sichuan Province, and signed an investment cooperation agreement yesterday
.
At the same time, in order to smoothly advance the cooperation project, Hefei Guoxuan and Kangsheng Co.
, Ltd.
jointly funded the establishment of a new company for investment, and the two parties have signed a cooperation agreement
.
Hefei Guoxuan and Kangsheng Co.
, Ltd.
will register and establish a new company in the Luzhou High-tech Zone as the investment subject of the investment project agreed in the investment agreement
.
The registered capital of the joint venture company is 200 million yuan, of which Hefei Guoxuan invested 130 million yuan, accounting for 65% of the total equity, and is the controlling shareholder of the joint venture; Kangsheng invested 70 million yuan, accounting for 35% of the total equity
.
According to the announcement, Kangsheng Co.
, Ltd.
and Hefei Guoxuan will settle in Luzhou High-tech Zone to invest in the construction of production and R&D bases.
The total investment is estimated to be 3 billion yuan, the total production capacity is 1 billion ampere hours, and the total area is 293 acres
.
The project is constructed in two phases, of which the investment in the first phase is 1 billion yuan.
After the project is completed, the annual output of power batteries will reach 300 million ampere hours
.
