LONGi Green Energy and Huadian New Energy Form Joint Venture in Inner Mongolia
LONGi Green Energy and Huadian New Energy have jointly established Huadian (Otog Front Banner) New Energy Co. , Ltd. , a new company in Inner Mongolia focused on energy storage and wind power technical services. The venture is co-owned by Huadian New Energy and Xi'an LONGi New Energy, a wholly-owned subsidiary of LONGi Green Energy.
Huadian (Otog Front Banner) New Energy Co. , Ltd. has been recently established, with its business scope covering energy storage technical services, research and development of key technologies for waste heat power generation, wind power technical services, and sales of gas and liquid separation and purification equipment. The company is jointly held by Huadian New Energy and Xi'an LONGi New Energy Co. , a wholly-owned subsidiary of LONGi Green Energy.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Batteries & Energy Storage, with intensity 60/100 and 70% confidence over a medium term horizon.
Batteries & Energy Storage
- Direction
- positive
- Intensity
- 60
- Confidence
- 70%
- Horizon
- Medium term
Wind & Solar Equipment
- Direction
- positive
- Intensity
- 50
- Confidence
- 65%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.