Geely Sets Up Ningbo Battery Firm with RMB 50 Million
Ningbo Shanju Battery Co. , Ltd. was recently established, with Ren Xiangfei as its legal representative and registered capital of RMB 50 million. The company's business scope includes battery manufacturing, battery parts production, power facility equipment manufacturing, power electronic components manufacturing and electric motor manufacturing. The company is wholly owned by Zhejiang Shanju Battery Co. , which operates under Geely.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Batteries & Energy Storage, with intensity 40/100 and 70% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.